Banking and Financial Law Attorneys
Offices in LaGrange & Hinsdale, IL.
The fast changing economic and regulatory climate presents challenges for lenders. Banks and financial institutions require advocates who are responsive, aggressive and creative. At Fornaro Law, our experienced attorneys are ready to assist lenders in every step of troubled asset management.
Our transactional attorneys represent and advise various lending institutions located both within the Chicago area and throughout the United States by assisting with due diligence, collateralization, and loan underwriting and review issues, advising concerning legal risk, and reviewing and creating loan commitment letters, promissory notes, mortgages, security agreements, guarantees, and Uniform Commercial Code liens and related documents and instruments. Our litigation department also assists these institutions through the foreclosure and collection process, while also advising them on lending matters, check cashing, ATM use, and other daily banking activities which are governed by the Uniform Commercial Code and Federal Banking Regulations.
Common Banking & Financial Challenges
Loan Documentation: Lenders know proper loan documentation is critical to their success. Our attorneys have experience drafting and reviewing loan documents for transactions ranging from several hundred thousand dollars, to transactions in the millions of dollars.
Lender Liability Claims: Debtors have become increasingly litigious in blaming lenders for their woes. Lenders find themselves accused of breach of contract, breach of fiduciary duty, bad faith, fraud and misrepresentation, and negligent loan administration. When Lenders become the target, they require experienced litigation attorneys to present an aggressive defense.
Loan Modification: We understand each troubled asset presents a different challenge. Borrowers are faced with their own challenges which disrupt their ability to service their debt. There is no one-size fits all approach to loan workouts and modifications. Each case requires a ground up approach to ensure a viable resolution can be achieved quickly. Our attorneys are ready to provide solutions for your loan modification.
Commercial & Residential Foreclosures: The foreclosure process has become more complicated in recent years. While the economy recovers from the recent downturn, the foreclosure crisis continues to overburden our courts. Skilled attorneys is needed to navigate through the puzzle of foreclosure laws to ensure a seamless result.
Other Banking & Financial Law Services Include:
- Preparation and review of commercial loan documents
- Local Counsel for loan transactions
- Third-party local counsel opinion letters for loan transactions
- Complex litigation for financial institutions
- Collections, workouts and foreclosures
At Fornaro Law, we understand that fiscal maintenance is the main objective for our clients, and we have the experience to resolve the underlying business issues that are required to achieve that objective; whether it be resolving a contractual dispute, securing collection of collateral, defending allegations of fraud, claims of unfair business practices, or any legal matter related to the banking and financial services industry.