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Monday, August 13, 2012

Olympics closing ceremony

Today's Equipment Leasing Headlines

 Radiance Capital, Tacoma, Washington
  Bulletin Board Complaint
Purchase Option on EFA, Won’t Return $5,000 S.D.
   Classified Ads---Legal
New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
    Bank Beat---Lee Price on Loose, FBI Releases 2 Videos
    U.S. Coast Guard Report Did Not Jump Overboard
      Classified Ads---Help Wanted
      Last Week 30 Day - 25% Off Summer Special Offer
 Leasing 102 by Mr. Terry Winders, CLP
  “Terminating a lease”
     Remembering Curt Webster
   Are You Unknowingly Financing Inventory?
     by Tom McCurnin, Esq.
      Top Stories August 6--August 9
   Ten Lawyers Against Evergreen Clause Abuse
        American Blue Heeler/Terrier
        Atlanta, Georgia Adopt-a-Dog
          Classified ads— Operations/Remarketing/Repossessions
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 US gas prices spike; refinery problems cited
  U.K. Banks Must Correct Cultural Failures
   Former Bank Directors Fail to Duck FDIC's Case
    Trump’s Scottish right--controversial golf course opening
     Biofuel Cheater Bought Patton Tank With Fuel Credit Money

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Radiance Capital, Tacoma, Washington
Bulletin Board Complaint
Purchase Option on EFA, Won’t Return $5,000 S.D.

This is the second complaint against Radiance Capital involving the demand for a "purchase option" at the end of an Equipment Finance Agreement. This is quite unique in other ways as the lessor who referred the transaction to Radiance states there was no purchase option as well as it was an Equipment Finance Agreement, plus the return of a $5,000 security deposit; however, Radiance is taking the matter to court.

How many other such happenings since Mike Price has gotten back involved is not known. The lessee is Southern Main Sports Zone in Saco, Maine and Radiance Capital has taken the matter to King County, State of Washington. Price will not speak with Leasing News. It appears when Tom Price, son of Mike, purchased Radiance Capital, he began to wind it down, and then was charged with a $400 million scam, filed bankruptcy, but appears Radiance was not involved. But Mike Price, convicted of tax evasion, as well as founder of a bankrupt leasing company, T & W Leasing, is quite involved. (1)(2)(3)

From Andrew Nere, CEO, Innovative Lease Services:

"Yes, ILS brokered this transaction to Radiance in 7-8/2008 on a 48 month term EFA. The terms of the approval called for first, last, and a $5,000 Security Deposit (1+1+10%) and no balloon payment at the end of the EFA Term. We were contacted by our Customer in June 2012 as he was billed a FMV residual by Radiance with no reference to the Security Deposit. Thinking this was simply a mistake on their part, I subsequently had a conversation with Mike Price (the new owner of Radiance) who told me in very terse terms that this was 'my interpretation of the EFA Agreement” and that theirs was that “there is no option to purchase the equipment'. I told mike that perhaps he was mistaken and that he should read his own document, that under the EFA they’re the Secured Party and not the owner and they were not within their contractual rights. In fact, the terms of the agreement were very plainly indicated on the contract.

"Common sense would dictate that the issue was resolved. However, our customer was served with a suit for the 'purchase option' and contacted us for assistance. To this end we contacted you in hopes of assistance in this matter. There is a very clear contract in place with very defined Terms and Conditions. It is beyond reason why Mr. Price would assert anything otherwise without some malicious intent.

"For the record, this customer has exhibited great character through all our dealings. In fact this situation may put into jeopardy our future business dealings with this customer.

"In our opinion this was a very straight forward deal with a defined schedule of payments. In fact our email correspondence with Radiance clearly shows that they would not allow neither an FMV nor a 10% PUT on the approval."

From Lenny Holmes, President/Operator, Southern Maine Sportszone,

Saco, Maine: copy of summons from Radiance Capital, copy of Equipment Financing Agreement as well as original proposal stating the $5,000 will be returned at the end of the transaction (which it has not).


(2) Tom Price/Hyun Um $200/$400 Million BK with charges of scam

(3) Mike Price pays nearly a half-million in yacht tax-evasion case

“T&W, Tacoma, Washington (05/06) Paul B. Luke, CPA 50, of Omaha, Nebraska, was sentenced to one year in prison, three years of supervised release and $1.2 million in restitution. According to records in U.S. District Court in Tacoma, Luke created a fraudulent lease agreement in order to draw more than $1 million from a line of credit T&W had with Bank of America. The money was used to pay T&W's employees, and the company later defaulted on the $1.2 million loan and went out of business. (8/2001) Mike Price, formerly of T&W Leasing, Resigns from Westar Financial. (7/2001) T&W Mike Price charged with evading taxes on $3.2 million yacht. (10/2000) filed Chapter 11. Creditors meeting on 12-4-00 Seattle. Case # 00-10868 US Bankruptcy Court Western District of Wash. 206-553-7545. Debtor Attorney-Marc Barreca 206-623-7580.”

First Bulletin Board Complaint:

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New Case against Mazuma Capital and Republic Bank
---Automatic Evergreen Payment---PPR
by Christopher Menkin

PeaceHealth, a Washington corporation
Mazuma Capital Corp.; Republic Bank Inc.
(Salt Lake City)


1. This case is one of several lawsuits against Mazuma alleging fraudulent inducement and misrepresentations in conjunction with a lease agreement. As discussed below, Mazuma's basic scheme involves the use of a purchase, renewal, or return ("PRR") provision in its equipment leases. The PRR provision assures the customer that it will have three options at the end of its initial lease term: (1) to purchase the equipment at the end of the initial term of the lease in exchange for a reasonable price; (2) to renew the lease for an additional 12-month term at a specified rate; or (3) to return the equipment to Mazuma, in which case equipment of equal value must then be leased from Mazuma.

2. While Mazuma promises the customer three options under its contract, the reality is that Mazuma has no intention of ever allowing a customer to purchase the equipment at the end of their initial lease term. Thus, instead of negotiating the purchase price in good faith as Utah law requires, Mazuma forces the customer to automatically renew the agreement by setting an unreasonably high purchase price that has no relationship to the product's actual market value or appraised value. Mazuma also has practice of engaging in this tactic even though it knows that its agents have promised the customer that it would have the ability to repurchase the equipment at the end of the lease for approximately 10-15% of the equipment's original value. In many instances, Mazuma will also assign its leases to Republic Bank so that the Defendants can disavow any prior promises or representations made by Mazuma's sales agents during the negotiation process.

3. Mazuma's scheme is not new, and has been perpetuated by series of individuals and predecessor companies that are believed to share common ownership, management, or employees with Mazuma. Mazuma's predecessors include Amplicon, Inc., Matrix Funding Corporation, and Applied Financial, LLC, all of whom have been discussed in litigation and news articles published in the Wall Street Journal and The Deseret News. The PRR practice of fraudulently inducing customers has further been scrutinized by a Maryland federal district court in the case of House of Flavors, Inc. v. TFG-Michigan, L.P., 719 F. Supp.2d 100 (D. Me. 2010).

4. PeaceHealth is one of many consumers that have been affected by the Defendants' fraudulent business practices, and have been forced to make unnecessary lease payments as a result of Defendants' refusal to negotiate the purchase in good faith. PeaceHealth brings this action seeking damages for Mazuma's fraudulent inducement of contract, the Defendants' violation of the covenant of good faith and fair dealing, and breach of their agents' promises, along with declaratory relief to determine the fair purchase price."

Republic Bank President Boyd Lindquist did not respond for a comment, but H. Jared Belnap, President & CEO of Mazuma Capital did:

"While our comments are limited in this case as it is active litigation, we categorically deny any and all claims of wrong doing as there is no basis in fact for any of the allegations of misconduct. Our Judicial systems permits and allows for people to bring allegations no matter how baseless and we are confident that the truth will come out in litigation."

The complaint contents: "29. On information and belief, Mazuma also has a custom and practice of assigning its leases to Republic Bank, and then utilizing the Bank's status as an assignee to force an extension of the lease. Specifically, PeaceHealth is informed, and therefore alleges, that Mazuma and Republic Bank have engaged in a systematic practice in which Mazuma: (i) negotiates a lease containing a PRR provision; (ii) represents to the customer during the negotiations that the equipment may be purchased at the end of the initial lease term for 10-15% of its original value; and (iii) subsequently assigns the lease to Republic Bank. At the end of the initial lease term, Republic Bank, as assignee, then: (i) disclaims Mazuma's earlier representations; (ii) rejects the lessee's proposed purchase price; (iii) asserts an absolute right to reject the price; and (iv) insists upon a purchase price that is greater than the cost to renew the lease, thereby forcing the customer to renew.

30. Neither Mazuma, nor its successors or assigns, including Republic Bank, ever intended to perform on Option No. 1 or No. 3 of the PRR provision, but instead, are acting in concert to ensure that customers such as PeaceHealth are forced to extend their leases beyond the initial lease term.

31. As a direct and proximate result of Defendants' conduct and misrepresentations, PeaceHealth has been damaged in an amount to be proven at trial.”

The first option is to purchase the equipment for a price to be determined by Lessor and Lessee. This sounds like a fair market purchase option, but the “price to be determined” language means that the Lessor can set any price it wants and that is a main claim here in this complaint, as the lessee says the equipment is not worth a boat anchor.

The second option is to continue the lease for an additional 12 months, the “Evergreen” period. No notice of this provision is given to the lessee either in advance of signing or prior to exercising this option. Republic Bank purchases these 12 month extensions in advance of their exercise. How would the bank know that the lessee is going to exercise this option, unless everyone knows it is the only practical option for the lessee to exercise? Republic Bank President Boyd Lindquist confirmed in a telephone call that he “buys” these extensions from Mazuma and has for quite some time.

The third option is to return the equipment, but the clause is draped with the condition that the lessee has to re-lease identical equipment for a similar term. So what is the point of exercising this option? At the end of this re-lease, there would be the same three identical options, so the lessee would be required to re-lease and re-lease. It’s just like Groundhog Day.

Ultimately, because the first and third “options” are illusory, everyone knows the lessee has no choice but to sign a 12 month extension, and hence, Republic Bank purchases these extensions prior to their existence and thus the complaint.

Here is the paragraph:

“Lessee’s Option at Maturity Base Period. At the maturity of the Base Period of any Lease, Lessee shall, provided at least one-hundred and twenty (120) days prior written notice is received by Lessor from Lessee via certified mail do one of the following: (1) purchase the Property for a price to be determined by Lessor and Lessee; (2) continue the Lease for twelve (12) months additional months at the rate specified on the respective Schedule, or (3) terminate the Schedule and return the Property to Lessor at Lessee’s expense to a destination within the continental United States specified by Lessor, provided however, that for option (3)to apply, all accrued but unpaid late charges, interest, taxes, penalties and any and all other sums due and owing under the Schedule must first be paid in full, the provisions of Sections 8a, 8b and 9c hereof must be specifically complied with and Lessee must enter into a new Schedule with Lessor to Lease property which replaces the Property based on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute sole discretion to accept or reject any terms of purchase of any new Schedule if applicable. In the event Lessor and Lessee have not agreed to either option (1) or (3) by the maturity of the Base Period or if Lessee fails to given written notice of its option via certified mail at least one hundred twenty (120) days prior to the maturity of the Base Period, or if an Event of Default has occurred under any Lease, then option (2) shall apply at the maturity of the Base Period. At the maturity of the continued period provided for in option (3) above, the Lessee shall continue in effect at the rate specific in the respect Schedule for successive period of six (6) months each subject to termination at the maturity of any such successive six month continuation period by either Lessor or Lessee giving the other party at least thirty (30) days prior written notice of termination."
    Paragraph 21(k)

Full Copy:
PeaceHealth v. Mazuma Capital Corp. Complaint and Jury Demand

Companies who utilize Evergreen Clauses
for Extra Lease Payments

• Contract Negotiations • Fraud Investigations 
• Credit Investigations • Skip-tracing 
• Third-party Commercial Collections
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Receivables Management

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Bank Beat---Lee Price on Loose, FBI Releases Two Videos
U.S. Coast Guard Report Did Not Jump Overboard

Aubrey Lee Price, known by clients as Lee Price, who allegedly embezzled $17 million as a director of Montgomery Bank & Trust, Ailey, Georgia, causing the bank to fail on July 6th, 2012, is still missing. He was indicted on July 2nd, the beginning of the week. He reportedly left a suicide letter stating he planned to buy diving weights and then jump overboard on a ferry boat. While there is evidence he did board the ferry boat, the US Coast Guard investigation found the owner and captain of the ferry boat said he would have been spotted jumping overboard, since 160 passengers were on board and it was full daylight.

Price had used a Visa card to purchase his ferry ticket, and investigators believe he then boarded the ferry in Key West.

"The ticket was scanned and that indicates that whoever had the ticket did get on the boat," the reports state.

A head count was also conducted when passengers boarded the ferry, but no head count was done when they got off in Fort Myers, Fla.

"There are several cameras on the ferry but none of them record," the reports state.

Montgomery Bank had received a Cease and Desist Order on October 6, 2009 from the FDIC for “unsafe or unsound banking practices and violations of law and/or regulations alleged to have been committed by the Bank.” Bank equity was $9.1 million and the bank had lost $12.3 million.

In 2010 Price formed Montgomery County Bancshares, raised $14.1 million from clients and other investors, while his investment group Price controlled invested $10 million into ailing Montgomery Bank. Locals in the community of 450 people pitched in an additional $4 million. He gained control of the bank.

Federal authorities said Price, as a director for the bank, took control of investing the bank's capital. Price allegedly wired funds to accounts he controlled at other banks, and provided false financial statements to bank management.

After telling upper management that he was investing in U.S. Treasury securities, he wired bank funds to accounts he controlled and prepared falsified statements to cover his tracks, the federal complaint said. He is also charged with allegedly defrauding more than 100 clients in Georgia and Florida, many who lost their life savings and all retirement money.

Federal authorities have released two surveillance videos: one showing leaving the Key West, Florida airport and getting into a taxi with a small rolling suitcase. The next shows him rolling the suitcase across a ferry terminal waiting area. He reportedly owns property in Venezuela and has a bank account, where they believe he really was headed and the suicide was a ruse. While there is a diplomatic relationship with Venezuela, relationships with this country are quite strained and there have been many extradition problems.

Getting into taxi:

Short Video in ferry terminal




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Leasing 102
by Mr. Terry Winders, CLP

“Terminating a lease”

True leases usually have a residual because the lessee has a payment requirement or the term of use is much shorter than the actual useful life of the equipment. This requires the lessor to look closely at the “use” of the equipment and check it out with the same effort that the credit investigation requires. If a residual is taken the lessor has an investment in the equipment that will not be realized until termination. It is very important to create an attachment to the acceptance agreement that spells out the return conditions.

One of the most neglected documents in leasing is the return conditions. If you want a good one then e-mail me and I will send you one. However, no one document can cover all types of equipment. Part of the original equipment investigation should determine what the manufacturer/distributor suggest you should put in the return conditions. One of the tricks of the trade is to put a phrase in your return conditions (in bold print) that the lessee “may be” subject to an investigation fee for an industry expert to check out the condition prior to the lessors acceptance of the returned equipment.

Once we started putting the investigation fee in the return language it was surprising how the condition of returned equipment jumped up considerably. I never imposed the fee but I also contacted the lessee 90 days prior to termination and sent them a copy of the return conditions. On many occasions the lessee negotiated a purchase because the condition of the equipment was such that the price to bring it up to the return conditions was higher that the purchase price.

The termination of a true lease and the equipment issues associated with that termination require as much if not more work as went into the commencement of the lease. There are four ways a termination can occur, a default, an early termination, an early buy out, and the end of the agreed upon term(s) of rent. Each requires careful consideration and knowledge of how the equipment value(s) will affect the required procedures. The equipments value is a function of its condition, location, and remaining useful life.

Termination of the lease and the return of the equipment must be handled in a very careful manner so once the equipment has been cleared to be returned then you should have a policy or set of instructions on how to handle the return.

Here is some policy inserts to handle termination issues:

1. Transportation
   a) End of the lease requirements include lessee paying for the
       return of the equipment to a location designated by us.
   b) Any requirement to transport equipment due to a default in the lease must be handled in the        following manner.
       1) Transportation should be arranged for, and provided by, a equipment firm familiar with the             equipment and knowledge of how to transport it. The fee for this service should be approved             by the leasing department manager.
       2) If the cost to hire experienced help is beyond reason or if the asset does not require special            handling then the equipment may be transported by lessor personnel provided proper            insurance is in place prior to transport.

2. Storage:
   a) Prior to the return of the equipment, from termination or the legal right to gain possession after        a default, arrangements need to be made for the storage of the equipment.
    b) The first attempt to store equipment that is coming off lease is at the current `lessee's place         of business. This will remove the cost to return it to us and then incur possible additional cost         to transport it to new purchaser.
   c) The second approach is to return the equipment to the original vendor for storage and          remarketing if satisfactory arrangements can be negotiated.
    d) The third approach is to make arrangements to store at a seller of this kind of equipment with         arrangements for resale.
    e) The forth approach is to arrange storage at a location that supports the remarketing of the         equipment making sure it is protected and insured.

3. Insurance:
    a) Prior to taking possession of the equipment it is important to make sure that the equipment is         insured.
   b) If at all possible, the insurance policy currently covering the equipment be extended or         modified to cover the equipment once delivered over to us.
    c) If the lessee's insurance is not in force, or will be terminated upon our possession, insurance         must be placed on the equipment prior to or taking possession.
          1) The insurance must have physical damage coverage
              equal to the equipment's estimated value.
         2) The insurance must have liability coverage equal to the amount not covered by the               Lessor’s umbrella coverage.

4. Clean up and get ready expenses.
     a) The lease requires the equipment to be returned capable of performing its task; therefore,
        off-lease equipment should not need anything other than a wash or in some extreme cases a         paint job. The amount to accomplish this will be approved by the Leasing Department Manager
     b) In those cases where equipment is obtained by repossession an estimate of the cost to repair         the equipment and get it ready for sale will be submitted with an estimate of the equipment's         sale value or its estimated value in "as is" condition prior to submitting it to the Leasing         Department Manager for authority to proceed.

5) Remarketing:
    a) The resale of the equipment should begin with the original vendor or someone capable of           reaching the largest market. It also may eliminate storage and insurance costs.
     b) On occasion, if the equipment has been returned due to a default
     c) and a commercially reasonably sale must be accomplished to retain deficit proceedings against           the lessee:
         1) The representative attorney should be consulted to determine what steps need to be               followed to insure commercial reasonableness.
          2) In those cases where the lessee is determined not to be able to handle the deficiency then               the equipment must be remarketed in the manner that will maximize the lessor's value in               the equipment.
     d) On occasion, if the salvage value is below the booked residual or the street value of the          equipment does not warrant a remarketing effort then steps should be taken to donate the          equipment to a charity to maximize the lessor’s charitable contributions.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666.

He invites your questions and queries.

Previous #102 Columns:

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)


Remembering Curt Webster

Kenyon Curtis “Curt” Webster
September 28, 1944 - August 07, 2012

"Beloved husband of Georgina. Loving father of Alfred Robert (Donna) Troisi, and Dawn (Peter) Leo. Cherished grandfather of Dayna, Peter Curtis, and Luciana."


"I have known Curt for a long time. This man has done so much for others, it is a great loss to me as well as the many people he touched. We did great deals together. over the past years .I knew his devotion to his family and the love they had for him. Few men have impressed me but his charitable nature and will to keep learning with respect for differences is unparallel in my book.

"I will miss him, his voice and manner the familiar "Hey Pal what can I do for you" will be missed. I will say to those who knew him, few will ever replace his earnest and trust with me. I consider him a brother in life."

Neil Roth
Key Credit Corp.


"I'm so glad you sent out a special piece about Curt. When I talked to him recently he said he was doing much better. But with Pancreatic cancer it can turn on a dime as we found out with our good friend Chris Walker."

Rosanne Wilson, CLP, BPB
1st Independent Leasing, Inc.


"Needless to say Curt will be very much missed in this life."

Bob Runyon
Capital Lease

Curt Webster Passes Away



Are You Unknowingly Financing Inventory?
by Tom McCurnin, Esq.
Barton, Klugman & Oetting
Los Angeles, California

How Ignorance and the Buyer in the Ordinary Course of Business Exception Can Put You in the Position of Financing Inventory

English poet Thomas Gray once wrote that "Where ignorance is bliss, 'tis folly to be wise.” That may have worked for him (he was writing about Eton College), it probably doesn’t work very well for equipment lessors.

Here is a hypothetical: A Leasing Company leases equipment to a lessee, and later finds out the company is actually in the business of leasing and re-selling that same equipment. It might be a construction or medical supply business, and their actual business model is unapparent from their corporate name.

It is highly likely that the equipment the lessor just leased is inventory for resale. It is also probable that the lessee could sell the equipment without the lessor’s consent to purchasers who might acquire title to the equipment free and clear of the lessor’s lien. In short, the leasing company is unwittingly financing inventory and the inventory purchaser walks away with the leased equipment—and it’s all legal.

Sound improbable? That’s what almost happened to a lessor in Wells Fargo Bank Northwest, N.A. v. RPK Capital, 360 S.W.3d 691 (Tex.Ct.App. 2012). There, the lessor leased a engine thruster to an airline. The equipment wasn’t supposed to re-sold, but somehow ended up on an airplane which was in fact sold. Through a series of complicated bankruptcies and liquidation sales, Wells Fargo Bank ended up with the equipment.

The equipment lessor wanted its equipment back. The Bank objected to the leasing company’s claim and made two pretty good arguments. First, the Bank claimed the equipment had become part of an airplane and was an “accession.” The argument is that by combining the several goods into one unit, the lessor lost its security interest. This might have been the law under the old Code, but the Court got it right. The UCC uses the timing of the security interest to determine whether or not the equipment is an accession. Under §9-335, if the lessor filed its security interest first, then even if the equipment was made part of an airplane, the lessor retained its security interest. Parenthetically, if the lease was a true lease, Article 2A, provides for similar treatment in 2A §305.

The Bank then claimed it bought the airplane at a sale and was therefore a ‘buyer in the ordinary course of business” under UCC §§1-201(9) and 9-320(a). While the Bank’s customer did in fact buy the airplane at a liquidation sale, this is not the type of retail sale envisioned by §1-201(9), since the lessee was not in the business of selling this type of equipment—it was an airline. Therefore, the Bank lost on those grounds as well. There are also similar provisions in Article 2A for true leases in UCC 2A § 103(a)(1).

The Court got it right on this one, but the equipment lessor almost let one get away. It is not uncommon for a business to finance inventory through lease financing. The lessee the lessor is dealing with may be in the business of re-leasing or re-selling equipment of this nature. Their precise business model may not be readily apparent. If the lessor doesn’t understand the true nature of the lessee’s business, then the lessor maybe financing inventory and is at risk.

If the lessee is actually in the business of selling that type of collateral, the lessee’s customers who purchase the inventory are entitled to buy the leased goods free and clear from lessor’s lien, subject to three conditions: (1) The lessee/seller must have created the security interest in favor of the lessee; (2) The lessee/seller must actually be in the business of selling this type of collateral; and (3) There must actually be a sale to a buyer; and (4) The circumstances of the sale must not be suspicious. If the buyer prevails on these issues and paid value, that buyer can take the lessor’s collateral free and clear of liens.

How can leasing companies protect themselves from unwittingly financing inventory? First, know the customer. The lessor should run D&Bs or Accurints on the customer to determine what business it is in. If it is in the re-sale or re-lease business, you might be financing inventory. Second, on larger transactions, there is no substitute for an inspection of the collateral prior to financing the equipment. On very large transactions, a personal visit by lessor representative would not be out of the order. Third, the lessor should perform periodic re-inspections, which are often called for in lease documentation. If the equipment may not be inspected because it is constantly “out in the field,” that may be a signal that you just financed inventory. Finally, tagging or marking the equipment, while not generally useful, may provide protection if the lessee is stupid enough to keep the tags in place.

Whle Thomas Gray felt that ignorance was bliss, had the equipment lessor realized that it was financing inventory, it might have avoided this Texas lawsuit and resulting appeal.

Tom McCurnin
Barton, Klugman & Oetting
Los Angeles, California
Voice: (213) 621-4000
Fax (213) 625-1832

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Top Stories August 6--August 9

Here are the top ten stories opened by readers

(1) Companies who utilize Evergreen Clauses
for Extra Lease Payments

(2) Archive --- August 9, 2001
Lindsey McLorg says, “Goodbye.”

(3) Carebridge for Patrick Sponsel

(4) KFC versus Chick-fil-A

(5) Marlin 1st Time Net Income Exceeds Evergreen Income
by Christopher Menkin

(6) Leasing 102 by Mr. Terry Winders, CLP
Municipal Leases”

(7) New Hires---Promotions

(8) Growth of Healthcare asset finance
is outpacing market growth
Written by Brian Rogerson

(9) “Divorce” by Barry Marks, Esq.
from his New Poetry Book

(10) The Best-Selling Products of All Time
24/7 Wall Street

Not Counted for Technical Reasons:
Curt Webster Passes Away





Ten Lawyers Against Evergreen Clause Abuse

The original intention of the Evergreen clause in an equipment leasing contract was to have an alternative to when the lessee did not exercise the residual at the end of the contract. Often the clause calls for an automatic additional twelve months when the residual is not resolved.

In most cases, the lessor notifies the lessee that the residual will be due, often ninety days in advance. However, often there is nothing in the contract that requires the lessor to notify the lessee regarding the expiration of the contract.

Contrarily, many small ticket lessors do not notify the lessee, and automatically continue the lease, often via an ACH or continued billing, which often goes unnoticed until many payments have already been made.

Leasing News would like to see an industry standard that lessees are notified in advance of the expiration of their contract regarding its termination. We support the clause, and the notification requirement is wide open, meaning 90, 60, even 30 days and by telephone or mail.

This list of attorneys agrees with this and will be available to lessees, sometimes able to help them without a fee, or at a reduced rate, in an effort to end the abuse of Evergreen clause leases.

Jim Coston
Coston & Coston LLC
105 W. Adams Street
Suite 1400
Chicago, Illinois 60603
(312) 205-1010

(In 1998, he was elected to the United Association of Equipment
Leasing Board of Directors, and in 2003-04 was the first
attorney to become UAEL President, very active in his political party.)

Ronald J. Eisenberg
Schultz & Associates LLP
640 Cepi Drive, Suite A
Chesterfield, MO 63005
(636) 537-4645 x108
(636) 537-2599 (fax)

(Proven Leasing Litigator, well respected by all sides)

Ronald P. Gossett
Gossett & Gossett, P.A.
400 Seridan Street, Building I
Hollywood, Florida
Fax: 954-983-2850

(Many cases including NorVergence, Brican, among others, a winner)

Brandon J. Mark

Attorney at Law, Admitted in Utah and Oregon
Parsons Behle & Latimer
201 South Main Street, Suite 1800
Salt Lake City, UT 84111
Direct Dial 801.536.6958
Facsimile 801.536.6111

(His firm represents banks who buy leases, and his
clients refuse to buy these types of leases.)

Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203
P. O. Box 11386
Birmingham, Alabama 35202
fax 278.8905 (Direct) 251.8305 (Main)

(Well-known to the leasing industry, also Alabama Poet)

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ste. 2200
Los Angeles, CA 90071
Voice: (213) 617-6129
Fax: (213) 625-1832
Cell: (213) 268-8291

(Leasing News Advisor/Well-Known top Leasing Litigator)

Frank Peretore
Peretore & Peretore, P.C.
191 Woodport Road
Sparta, New Jersey 07871
(973) 729-8991

(Experienced leasing attorney, aggressive, author, secretary, 
National Equipment Finance Association, ELFA, too)

Ellen Stern 
Ellen Michele Stern
17630 El Mineral Rd
Perris, CA 92570 

(Long time Southern California leasing attorney, well-respected)

Kevin E. Trabaris, Principal
Trabaris, P.C.
707 Skokie Boulevard, Suite 600
Northbrook, IL 60062
Direct: (847) 205-4377
Mobile: (847) 840-4687
Fax: (848) 260-5768

"In my career, I’ve repeatedly seen this provision misused
by unscrupulous lessors and think it’s a bad idea for both
the lessee and the lessor."

Michael J. Witt, Esq.
4342 Oakwood Lane
West Des Moines, IA 50265
Tel: (515) 657-8706
Mobile: (515) 868-1067
Fax: (515) 223-2352

(Former Advanta Leasing
and Wells Fargo Equipment Finance attorney)

Companies who notify lessee in advance of lease expiration
   and require their discounter to also notify lessee in advance


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Gary DiLillo, President 440.871.0555 or

Send Leasing News to a Colleague. We are free!!!


American Blue Heeler/Terrier
Atlanta, Georgia Adopt-a-Dog


Animal ID 16159326
Breed: American Blue Heeler/Terrier
Age: 6 months
Sex Female
Size: Small
Color: Black/White
Declawed: No
Site: Atlanta Humane Society: Howell Mill Road
Location HM-Adoption
Intake Date: 5/10/2012
Adoption Price $100.00

Hi, my name is Amy! I came to the Atlanta Humane Society to find my forever home. I'm an active puppy looking for a loving family with a big yard who will play with me and take care of me for the rest of my life. Like all puppies, I will need owners who understand that I will also need a lot of training so I can grow up to be the best dog ever for my new family. Be sure to ask about the obedience classes offered right here at the AHS! If you think you could be the family for me, then come on down to the AHS for a meet and greet (be sure to bring your existing pets!) and find out how to take me home today!”

Adoption Information:

981 Howell MIll Road
Atlanta, GA 30318

This pet also is eligible for 30 days of pre-paid pet health insurance. For more information please visit or call 1-866-375-PETS.


Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet


Classified ads— Operations/Remarketing/Repossessions

Leasing Industry Outsourcing
(Providing Services and Products)

Operations / Remarketing / Repossessions

Operations: Houston, TX
Silverlake Inspections LLC is an independent contracting company for real estate and equipment verification with pictures. 
Operations: Portland , OR
Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. 800-547-4905
Operations: Roseburg, OR 
Tired of paying a full time documentation person? Try outsourcing. Ideal for anywhere in the USA. E-mail or Call Trina Drury
541-673-4116 or 541-784-7973.
Repossessions: Southern California (except San Diego).
Full service repossession agency. All vehicles, big rigs, boats, heavy equipment and machinery. Licensed and insured 818-786-7376.
Repossessions: Canada 
Cease Bailiff Services Incorporated:
Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security
Asset Liquidations/Sales; Ottawa, Canada;; Phone 613 898 7376 ; Fax 613 225 2452

Remarketing: Los Angeles, CA
Video, Audio, Film, Computer, IT, Test, Presentation Equipment
We pay cash / 3 million in buying power /Quick Quotes
UBG 800-570-5224

Portsmouth, NH
Six Sigma Processes. Unique Approach. Pride. Professionalism. Skip tracing, legal, storage, logistics. lowest cost, industry leading recovery rates/amounts. 855.EENGINE
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna
South East US- AllState Asset Management 
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services. 
Call Brian @ 704-671-2376

All kinds of vehicles, equipment and machinery. Anywhere in the United States. Anything, Anywhere, Professionally 

Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email:


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News Briefs----


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Dolphins cut Chad Johnson following receiver's arrest

Luck looks good as Colts beat Rams 38-3

Andrew Luck passes first test, wows in professional debut|topnews|text|Indianapolis%20Sports




Baseball Poem

Your 95 MPH Fastball Won't Get You In The
Draft Anymore

by Tim Peeler

Like a 1400 on your SAT won't get you into Harvard
And American Express will continually turn you down
Because your salary goes up slower than their expectations.

Who will get through the traffic jam?
Who will grow the nerves to win the new game?
Who will sop up the spoils, raise a toast in the ruins?

Let me write one tremendously long line like the horizontal
bar at the high jump pit---
See how I fail, even at this?
But my failure is merely a failure of margins,
And your 95 MPH fastball is nothing more than a metaphor
These days.

Tim Peeler in “Waiting for Godot's

First Pitch” More Poems from Baseball
published by McFarland and Company




California Nuts Briefs---

Food truck conflict spreads

Investors snapping up Sonoma homes in wine country

A Steep Climb Back for Facebook's Stock


“Gimme that Wine”

Grape harvest under way in Napa Valley

In the orbit of Sancerre by Eric Asimov

Sipping on a Sunset, Italy in Mind

E. & J. Gallo Winery Announces Intention to Purchase Central Coast Winery and Crush Facility

Texas grape harvest explodes onto scene

Draught produces best Missouri vintage in years!!/content/26382/drought_spoils_missouri_vintage_080612

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page



This Day in History

       1521 - After a three-month siege, the Aztec capital of Tenochtitlan (today Mexico City) was conquered by Hernando Cortes and Spanish troops. With a population between 150,000 and 300,000, Tenochtitlan was set up so it would sustain its inhabitants while still protecting the local ecosystem. The Spanish conquest caused a human and ecological disaster of epic proportions. 
    1587- Manteo, chief of the Hatteras, was baptized into the Christian faith as a member of the Church of England, becoming the first Native American to become a Protestant.  He was invested by Sir Walter Raleigh with the power of Lord of Roanoke and of Dasamonguepeuk. There were earlier baptisms of Native Americans by Roman Catholic priests in Florida. 
    1650-Of all the Indians the English colonists encountered in the colonies, none were more powerful or better organized than the Iroquois. The five tribes—Mohawk, Oneida, Onodaga, Cayuga, and Seneca---were concentrated in New York in that order between the Hudson River and the Genesse River to the west.  Their league, possibly organized as early as 1570, numbered no more than 25,000 persons by about 1650, but it dominated others in all directions. Their particular enemies were the Hurons to the north, who with their French allies dominated the fur trade.  In 1649 the Iroquois won a resounding victory over the Hurons; in 1651 they nearly wiped out the Neutral National along the northern shore of Lake Erie; and in 1656 they defeated and dispersed the Eries. They continued to increase their power and became allies of the English after the Dutch lost New Netherland.  As a result, the Iroquois were a serious problem for the patriot forces during the American Revolution. The estimated colonial population was 51,700. 
    1680 - War started when the Spanish were expelled from Santa Fe, New Mexico, by Indians under Chief Pope. 
    1689-The legend of the naming of Nix Mate's Island in Massachusetts Bay originated. Captain Nix anchored his boat off the nameless island one night. Screams were heard by the inhabitants of Boston, and investigators found the captain murdered.  His mate was accused, tried, and sentenced to hang.  As a final statement the mate said that the island would wash away as proof of his innocence. by the beginning of the nineteenth century, a good portion of Nix Mate's Island had disappeared. 
    1722-Governor Alexander Spotswood of Virginia signs  a treaty with the League of Six Nations, an Iroquois confederation that included the Tuscarora tribe.  The Indians agreed not to cross the Potomic River or Blue Ridge Mountains. 
    1744—A new Indian treaty signed with the Iroquois League of Lancaster PA, ceded to England the territory of the Ohio River Valley north of the Ohio River 
    1784 - The United States Legislature met for the final time in Annapolis, Maryland. It moved a few more times, from Philadelphia, PA to New York City and, finally, to its permanent seat of government in Washington, DC. 
    1818-Birthday of Lucy Stone, American women's rights pioneer, born near West Brookfield, MA.  Lucy Stone dedicated her life to the abolition of slavery and the emancipation of women. Although she graduated from Oberlin College, she had to finance her education by teaching for nine years because her father did not favor college education for women. An eloquent speaker for her cause, she headed the list of 89 men and women who signed the call to the first national Women's Rights Convention, held at Worcester, MA.  October, 1850.  On May 1, 1855, she married Henry Blackwell. She and her husband aided in the founding of the American Suffrage Association, taking part in numerous referendum campaigns to win suffrage amendments to state constitutions. She died Oct 18, 1893 at Dorchester, MA.. 
    1831 - A blue sun was widely observed in the southern states. The phenomena was believed to have pre-staged Nat Turner's slave uprising. 
    1860- Annie Oakley was born at Darke County, OH. She developed an eye as a markswoman early as a child, becoming so proficient that she was able to pay off the mortgage on her family farm by selling the game she killed. A few years after defeating vaudeville marksman Frank Butler in a shooting match, she married him and they toured as a team until joining Buffalo Bill's Wild West Show in 1885. She was one of the star attractions for 17 years She died Nov 3, 1926, at Greenville, OH. 
    1889- William Gray of Hartford, CT, received a patent on a “coin-controlled apparatus for telephones” The first pay telephone was installed in the lobby of the Hartford Bank in 1889 under the supervision of Ellis Benjamin Baker, superintendent of the Southern New England Telephone Company.  In 1891, Gray, with Amos Whitney and Francis Pratt, incorporated the Gray Telephone Pay Station Company and installed the telephone in stores on a leasing basis.  The company rented out the pay phones for 25 percent of the take.  Ten percent of the take went to the place of business, and 65 percent went to the telephone company. 
    1892- First issue of the Baltimore Afro-American Newspaper. 
    1899- Alfred Hitchcock birthday, English film director and master of suspense born at London. Hitchcock's career as a filmmaker dates back to the silent film era when he made The Lodger in1926, based on the tale of Jack the Ripper. American audiences were introduced to the Hitchcock style in 1935 with The Thirty-Nine Steps and The Lady Vanishes in 1938, after which he went to Hol­lywood. There he produced a string of classics including Rebecca, Suspicion, Notorious, Rear Window, To Catch a Thief, The Birds, Psycho and Frenzy, in addition to his TV series “Alfred Hitchcock Presents.” He died Apr 29, 1980, at Beverly Hills, CA. 
    1912-Birthday of Golfer Ben Hogan, born at Dublin, TX.   Hogan was won of only four players to win all four major professional championships, and his 63-career victories rank him third after Sam Snead and Jack Nicklaus. Died at Ft. Worth, TX, July 25, 1997. 
    1919-pianist George Shearing birthday 
    1919- Birthday of Rex Humbard, pioneer radio and television evangelist. In 1958 Humbard established the Cathedral of Tomorrow in Akron, Ohio, from which he afterward based his television ministry. 
    1919 - At Saratoga, New York, the previously undefeated racehorse, Man o' War, was defeated by Upset. Legend had it this turn of events so upset Man o' War, he never lost a race again. After wining 1,300 races he went on to sire 379 foals, for a $5,000 stud fee. 
    1921-Birthday of pianist/songwriter Jimmy McCracklin, Helena,AR 
    1912-Birthday of trombonist Big Chief Moore, Komatke, AZ 
    1913-Birthday of singer Don Ho, Kakaako,HI. 
    1922—African-American Frederick Douglass' home in Washington DC is declared a national shrine. 
    1924 - "The Prisoner's Song" by Vernon Dalhart became the first country record to sell one million copies. The album included the songs "The Prisoner's Song", "Molly Darling", "Death of Floyd Collins" and "New River Train" which helped Dalhart outsell all others of his era by about 75 million records. In 1981, He became a Country Music Hall of Famer. 
    1925-Birthday of trumpet player Benny Baily, born Cleveland, Ohio. 
    1927-Birthday of guitarist Joe Puma, New York City, died June 4, 2000. 
    1934 - Cartoonist Al Capp began his famous comic strip, "Li'l Abner". In those early days, the cartoon strip was carried in eight newspapers. Eventually, it would be in more than 500, and would be the basis for a Broadway play and a Hollywood movie, too 
    1935- The first roller derby competition took place in Chicago, staged by promoter Leo Seltzer.
    1942—Soviet Premier Joseph Stalin wrote both to England's Prime Minister Winston Churchill and American President F.D.Roosevelt, appealing for them to help in the war in Europe against Germany. Not trusting the dictator, and wanting to protect the oil in Northern Africa, they invaded there first, and whatever relationship they had began to unravel even before it started. 
    1948 - Rookie pitcher Satchel Paige of the Cleveland Indians tossed his first full game in the major leagues. During the game he allowed the Chicago White Sox only five hits, winning the game 5-0. The rookie pitcher was 42 years old. 
    1951- Every one who shows up with a musical instrument is admitted free to Ebbets Field. Two thousand fans take advantage of the Musical Depreciation Night promotion including a man who brings a piano. 
    1952 - The original version of "Hound Dog" was recorded by Willie Mae (Big Mama) Thornton. It was the first hit for the song-writing team of Jerry Leiber and Mike Stoller. Musician-composer Johnny Otis ("Willie and the Hand Jive") said he helped Leiber and Stoller with the writing of "Hound Dog". All was fine as long as Big Mama Thornton was doin' the singing (Otis was her producer); but as soon as the Elvis version started bringing in the bucks, Otis was cut out of the picture. Otis went to court but lost the suit. He was a popular Los Angeles disc jockey as well as band leader, playing at the San Jose Fairmont, while painting, which got to be so popular, he moved to Santa Rose where he devotes his full energy toward painting. 
      1952--KILMER, JOHN E. Medal of Honor
Rank and organization: Hospital Corpsman, U.S. Navy, attached to duty as a medical corpsman with a Marine rifle company in the 1st Marine Division. Place and date: Korea, 13 August 1952. Entered service at: Houston, Tex. Born: 15 August 1930, Highland Park, Ill. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty in action against enemy aggressor forces. With his company engaged in defending a vitally important hill position well forward of the main line of resistance during an assault by large concentrations of hostile troops, HC Kilmer repeatedly braved intense enemy mortar, artillery, and sniper fire to move from 1 position to another, administering aid to the wounded and expediting their evacuation. Painfully wounded himself when struck by mortar fragments while moving to the aid of a casualty, he persisted in his efforts and inched his way to the side of the stricken marine through a hail of enemy shells falling around him. Undaunted by the devastating hostile fire, he skillfully administered first aid to his comrade and, as another mounting barrage of enemy fire shattered the immediate area, unhesitatingly shielded the wounded man with his body. Mortally wounded by flying shrapnel while carrying out this heroic action, HC Kilmer, by his great personal valor and gallant spirit of self-sacrifice in saving the life of a comrade, served to inspire all who observed him. His unyielding devotion to duty in the face of heavy odds reflects the highest credit upon himself and enhances the finest traditions of the U.S. Naval Service. He gallantly gave his life for another.
     1956---Top Hits 
My Prayer - The Platters  ( one of my old time favorites ) 
Hound Dog/Don't Be Cruel - Elvis Presley 
Whatever Will Be Will Be (Que Sera Sera) - Doris Day 
I Walk the Line - Johnny Cash 
    1963- At County Stadium, Warren Spahn hurls a complete game beating Los Angeles, 4-3. During the game, the crafty southpaw whiffs five Dodgers to establish the all-time strike out record for left-handers with 2,382. 
    1964---Top Hits 
A Hard Day's Night - The Beatles 
Everybody Loves Somebody - Dean Martin 
Where Did Our Love Go - The Supremes 
Dang Me - Roger Miller 
    1965- The Jefferson Airplane makes it stage debut at the Matrix Club in San Francisco. Before the year's out, they'll become the first San Francisco rock group to sign a major recording contract. 
    1965- The Beatles "Help!" single is released. 
    1966- The Supremes' "You Can't Hurry Love" is released.
    1966-"Summer in the City" by The Lovin' Spoonful hit the top of the Billboard singles chart. The song started out as a poem written by John Sebastian's brother, Mark, before the band changed some words and then set it to music. 
    1969- In a 6-4 defeat to the Reds, Bobby Bonds becomes the fourth player in major league history steal at least 30 bases and hit at least thirty home runs in the same season. The other members of the 30/30 club include Ken Williams (1922-Browns) , Willie Mays (1956 & 1957-Giants) and Hank Aaron (1963-Braves). 
    1969 -- Oriole Jim Palmer hurls a no-hitter against the A's, the 8-0 victory gives Baltimore a comfortable 14 and a half game lead in the first American League East Division race ever. 
    1972---Top Hits 
Alone Again (Naturally) - Gilbert O'Sullivan 
Brandy (You're a Fine Girl) - Looking Glass 
(If Loving You is Wrong) I Don't Want to Be Right - Luther Ingram 
Bless Your Heart - Freddie Hart & The Heartbeats 
    1975- Marking his first real appearance on the national radar, Bruce Springsteen and the E Street Band perform the first of five sold-out shows at New York's Bottom Line.
    1979- Outfielder Lou Brock of the St. Louis Cardinals got the 3,000th hit of his career, an infield single against Dennis Lamp and the Chicago Cubs.  Brock finished his career that season with 3,023 hits. 
    1979- Cheap Trick has the biggest hit of their career, "I Want You to Want Me." The tune was originally on their second L.P., "In Color," which came out in 1977. However the song took off when it was included on the "Live at Budokan" album. The record goes gold on this date. 
    1980 - The afternoon high at New York City was just 89 degrees. But there were fifteen days of 90 degree heat during the month, their hottest August of record 
    1980---Top Hits 
Magic - Olivia Newton-John 
Take Your Time (Do It Right) - The S.O.S. Band Sailing - Christopher Cross 
Stand by Me - Mickey Gilley 
    1986 - United States Football League standout Herschel Walker signed to play with the Dallas Cowboys of the National Football League. Walker's contract paid an estimated $5 million over five years. He had been playing for the New Jersey Generals before the USFL went out of business. 
    1987 The Cubs retire Hall of Famer Billy Williams' uniform number (26)— if you didn't know it, I am a big fan of the Chicago Cubs—the Dodgers number one when they were in Brooklyn, but today, it is only the Cubs!!! 
    1988- Boston Red Sox win AL record 24 straight home games. 
    1988---Top Hits 
Roll with It - Steve Winwood 
Hands to Heaven - Breathe 
Make Me Lose Control - Eric Carmen 
Don't Close Your Eyes - Keith Whitley 
    1988 - A dozen cities in the northeastern U.S. reported record high temperatures for the date. Lansing MI reported a record 35 days of 90 degree weather for the year, Detroit MI reported a record 37 days of 90 degree heat for the year, and Williamsport PA reported a record 38 days of 90 degree weather for the year 
    2003- After missing nearly three months with a groin injury, Mike Piazza makes a dramatic return to the New York lineup as he homers and drives in five runs on Italian Night at Shea Stadium. The backstop's 3-for-5 performance, including a home run in the third inning, RBI single in the fourth and a two-run single in the seventh, contributes to the Mets 9-2 victory over the Giants.




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Adopt a Pet
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Top Stories

(chronological order)

- Lessor Escapes NY Evergreen Clause Class Action
- Proposed Changes in Lease Accounting
   Lease Project Pain Part of Larger Frustrations
- Largest remaining TARP investments in banks & thrifts
   By Aarti Kanjani, SNL Financial
- New Aggregate Funding Process---and it connects!
- KeyCorp plans big cost cuts
    as it reports lower 2nd Q earnings
- 10 Places to Look for Leasing Business
- New Bank Leasing Companies and others, too
- Quest for Volume and Market Perceptions
   Driving Up Leasing Hiring Demand in Q2
- 30 Days---No Response!
   ---re: Marlin Bulletin Board Complaint
- "Pre-Funding of Leasing" ruling
   By Scott D. Chait, Esq.
- Bulletin Board Complaint
   Integrity Financial Groups, Murray, Utah
- Exchange Bank Not for Sale
   ---but their TARP loan is
- Ten Lawyers Against Evergreen Clause Abuse
- Republic Bank out of leasing?
Hudson Juggles Original Investment to $1B in Assets
- 2012's Best Franchise Deals
BBB Ratings, July, 2012
Alexa Rating---Leasing News #1
Dan McKew to head up Capital One Commercial Lending
Ladco Leasing/Elavon Fined $418,601
- Top Leasing Web Sites---Updated
- Leasing Icon Sudhir Amembal Gets Award
   --Since 1993, Chairman World Leasing Convention
- Paul Weiss, Back in the Saddle
   Re-Joins Leasing News Advisory Board
FinPac expands its "App Only" Program to $75k
- Fin Pac Now Accepting Leases in Canada
Marlin Amends Wells Fargo Capital Line
- John Otto's HL Leasing Ponzi Scheme Update
- IFC Credit--Rudy Trebels June 2012 Update
- Sheldon Player June, 2012 Up-Date

- Operation Lease Fleece--Up-Date June 2012
- Banks Continuing to Lend and also Improve Net income
- Costco to Compete with Community Banks
- Ten Most Expensive Cars Driven by Top Leasing Execs
- Doing Business with Different Generations
- Yes, Virginia, Leasing is Regulated!
- Leasing News Complaint Bulletin Board
   Newport Financial Partners, Newport Beach, California
- Founder of Chase Industries Files Bankruptcy
- Nine Lawyers Against Evergreen Clause Abuse
- Why Leasing News is Different
- Resource America/LEAF Moving in Different Directions

Marlin Business Services, Mount Laurel, New Jersey
  Bulletin Board Complaint
- 15 Hottest Leasing Equipment Sectors
- Future of Mobile Devices
Where Millionaires Live in America
- Robert Fine of NorVergence Fame at Signature Bank
- What Happened to Hillcrest Bank Leasing?
- SBA Loans to Franchises
- 10th Anniversary-Two Buck Chuck Still Selling 5 Million Cases
- Charles Schwartz and Allied Health
- "Cigarettes Cheaper" Fraud Sentencing
- Mass Fax Class Action Case against Balboa Capita
- Why I became a CLP
- Puget Sound Leasing/First Sound Bank--It's a Go!
- Brican America---End of the Year 2011 Update
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- The Non-Broker Trend and Growth of "Lease Portals"
- 5 years+ C & J Leasing Clarence Rice for Embezzlement"
- Results Are In---
   "Application Only" versus Financial Statements?
- A California Leasing Gypsy Arrested by Costa Mesa Police
- Survey of Evergreen Clauses
- Responses to Working with a Smaller Bank Question
- Leasing Gypsies
- Top Ten Cities with the Highest Credit Scores
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- License Up-Date for Leasing in United States
- Loan/Lease Statute Up-Date
- Three Class Action Suits re: Brican America
- Verifying Tax Returns
- Starting a Leasing Company-Four Parts
   by Mr. Terry Winders, CLP
- Free Mobile Wine Program
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West

   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs Vs. Litigation Costs