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Auto Finance Law

Nisen & Elliott, LLC

200 West Adams Street | Suite 2500
Chicago, IL 60606
Phone: (312) 696-2525

Services

CORE REVIEWS

Nisen & Elliott analyzes "core" issues related to key retail installment sale, lease and consumer loan transaction issues. The six substantive areas covered are: business licensing; contract reviews; fee parameters; motor vehicle license, title and registration requirements; state tax law summaries; and repossession parameters.

FORMS DEVELOPMENT

Nisen & Elliott designs retail installment sale, lease and direct loan contract forms and supplemental documentation on a 50-state basis.

STATE LAW SURVEYS

Nisen & Elliott offers a wide variety of state law surveys analyzing any facet of retail installment sale, lease and direct loan transactions. These surveys are specifically customized to meet our clients' requirements.

CFPB

We provide compliance guidance for all aspects of our clients' interaction with the Consumer Financial Protection Bureau(CFPB), including fair lending issues, compliance management systems, and regulatory examinations conducted by the CFPB.

ELECTRONIC DOCUMENTS

We advise our clients on the emerging trends on how laws affect their electronic documents, covering origination, servicing, remarketing and securitization.

INVENTORY FINANCE

We offer a full array of services in connection with inventory finance products including documentation, security agreements, subordination certificates, intercreditor agreements, UCC filings, guarantees and real estate mortgages.

LITIGATION

Nisen & Elliott litigators have extensive experience in commercial and consumer automotive finance litigation including class action defense, dealer workouts, bankruptcies, replevins and specialized consumer issues.

LEGAL AUDIT

Our attorneys and paralegals can conduct a comprehensive legal audit of a client's forms, policies and procedures. Nisen & Elliott also performs due diligence reviews on any type of portfolio purchase.

LICENSING

We provide broad-based support in obtaining business licenses for our clients, including licenses for direct consumer lending, motor vehicle leasing, retail installment sale financing, collection agencies, motor vehicle brokering, motor vehicle sales, and Internet lending, leasing and sales.