We Get Lenders

We take the time to listen and understand.

We Get Creditors

You get expertise in the law and in your industry.

We Get Lenders

We take the time to listen and understand.

We Get Creditors

You get expertise in the law and in your industry.

We Get Lenders

We take the time to listen and understand.

We Get Creditors

You get expertise in the law and in your industry.

Lenders Don't Just Need a Lawyer...

Banks and other lenders need counsel who understand their industry and add value. RMG attorneys have been providing legal services to lenders on a daily basis for almost 30 years, and understand what lenders need. We handle lenders' needs in an efficient, results-oriented fashion.

Our substantial experience allows us to provide legal guidance as part of a team effort to identify the optimal structure and strategy. No matter what the task, RMG professionals can cost-efficiently consult on and plan a deal structure, provide legal due diligence, and/or draft the necessary documentation, while at the same time minimizing risk. Our litigation attorneys understand how expensive and unproductive litigation can be. So when pending or potential litigation is involved, we will help you to devise a litigation strategy which, while protecting your rights, avoids unnecessary expenses, and brings results in as short a time period as is reasonably possible.

The Latest from the Knowledge Center...

Sibert v. Wells Fargo Bank, N.A.: Timing Is Everything Under the Servicemembers Civil Relief Act

July 24, 2017

As the old saying goes, “Timing is everything.”  Borrower Richard Sibert certainly found that out in the United States Court of Appeals for the Fourth Circuit’s July 17, 2017 opinion in Sibert v. Wells Fargo Bank, N.A. In May of 2008, while Mr. Sibert was serving in the United States Navy, he and his wife…

Due Diligence Considerations in Accounts Receivable Asset Based Lending

July 14, 2017

Asset-based lending (ABL) has gained favor in recent years, increasing the opportunity for small or new businesses looking for financing while also raising the level of complexity of the arrangements. Secured by intangible collateral, accounts receivable-based lending raises potential issues that deserve a closer look. Benefits of accounts receivable lending ABL based on accounts receivable…

Quicken Loans, Inc. v. Walters: A Case of Unambiguous Ambiguity

July 10, 2017

In the case of Quicken Loans, Inc. v. Walters, all five justices of the Supreme Court of Appeals of West Virginia agreed that West Virginia’s “illegal loan” statute was unambiguous.  While one might think that agreement on that point would be followed by a unanimous ruling in favor of one of the parties to the…

Buyer Beware: The Thorny Problem of Belongings Left Behind On Property Purchased At Foreclosure Sale

July 10, 2017

For a number of reasons, real property usually sells for less at foreclosure than it would in an arms-length negotiated sale.  A June 29, 2017 decision by the Maryland Court of Special Appeals provides an example of the kinds of unknown risks foreclosure sale purchasers, including lenders, may face that dictate that they not pay…

Mortgage Lender Wins the Battle But Loses the War in the Third Circuit

June 12, 2017

In a June 6, 2017 opinion, the United States Court of Appeals for the Third Circuit agreed with mortgage lender, AmeriChoice Federal Credit Union, that bankruptcy courts have the authority to impose limits on future bankruptcy filings by Chapter 13 debtors who move to dismiss their cases voluntarily.  Unfortunately for AmeriChoice, the Third Circuit’s decision…

Purchasers of Distressed Consumer Debt Must Obtain Collection Agency Licenses to Foreclose In Maryland

June 7, 2017

The Maryland Collection Agency Licensing Act, codified in the Business Regulations Article of the Annotated Code of Maryland, requires any person who “does business as a collection agency in the State” to obtain a license from the Maryland Collection Agency Licensing Board.  Maryland’s second highest court, the Court of Special Appeals, held in 2013 that…

Changes in Maryland Quiet Title Procedure Strengthen Judgments

May 31, 2017

Until 2016, quiet title actions in Maryland had proceeded based on common law and the results were confusing, inconsistent, and unreliable. The Maryland Land Title Association, along with other industry organizations such as the Maryland Bankers Association and the Maryland Association of Realtors, recognized the haphazard process that resulted and successfully lobbied the state to…

End of HAMP Heralds New Era in Loan Modification and Loss Mitigation for Lenders

May 31, 2017

Launched in response to the financial crisis of 2008, the federal Home Affordable Modification Program (HAMP) officially ended on December 31, 2016, with approximately 2.8 million homeowners having been granted permanent modifications to their mortgage loans. Recent reporting from the Treasury Department heralded HAMP as having been a success in many ways, and its conclusion…

A Rose By Any Other Name Might Not Smell As Sweet After All

May 18, 2017

A former U.S. President was widely ridiculed for saying that the answer to a question depended “on what your definition of ‘is’ is.”  In its April 27, 2017 decision in Under Armour, Inc. v. Ziger/Snead, LLC, the Maryland Court of Appeals demonstrated that the Executive Branch does not have a monopoly when it comes to…

Supreme Court Reverses Approval of Structured Dismissal That Violates Fundamental Bankruptcy Priority Distribution Scheme

March 23, 2017

In a May 2015 opinion, the United States Court of Appeals for the Third Circuit approved the “structured dismissal” of the Chapter 11 bankruptcy case of Jevic Holding Corporation.  In Jevic, the secured creditors paid $2 million into an account to be used to pay the attorneys’ fees of Jevic and the Official Committee of…