Nisen & Elliott, LLC
200 West Adams Street | Suite 2500
Chicago, IL 60606
Phone: (312) 696-2525
NEWS & EVENTS
- November 12, 2014
The 2014 Edition of the National Lease Advertisement Review is now available for distribution. This biennial Review is one of the most comprehensive analyses of print and internet motor vehicle lease advertisements. The two volume set includes the federal and state law analyses of 14 lease advertisements, disclosure checklists and templates, Master Comparison Chart and summaries of federal and state advertising laws. Many of our clients rely on this comprehensive compliance resource for their national lease advertisements.
- November 4, 2014
Nisen & Elliott is representing Credit Union Leasing of America (“CULA”) in connection with the review and development of their motor vehicle lease documents and procedures. Kenneth Rojc, David Gemperle and Andrew Kriz have been advising the management of CULA , based in San Diego, California on their multi-state lease contract and state-specific lease contracts and procedures. Nisen & Elliott has also been providing guidance to CULA on the latest federal and state law developments impacting consumer leases originated through credit unions as well as assisting in the creation of innovative lease programs.
- September 1, 2014
Nisen & Elliott is representing a captive finance company in connection with the review and development of their motor vehicle lease documents and procedures. Kenneth Rojc, David Gemperle and Andrew Kriz have been actively involved with the legal, compliance and operation teams of the captive finance company. The lease contracts include a multi-state contract along with state specific variations to be used by the lessor. Specialty leases have also been developed for unique vehicle - specific programs for certain motor vehicles.
- October 2013
Nisen & Elliott, LLC is representing a major captive finance company in the development of its proprietary consumer lease contracts. The Automotive Finance Group of Kenneth Rojc, David Gemperle and Andrew Kriz have worked with the legal and business teams of such company. The new closed-end consumer lease contracts, including multi-state lease forms and forms designed for use in specific states, were launched in October 2013.
- February 15, 2013
Nisen & Elliott is representing Santander Consumer USA Inc. in connection with the launch of Chrysler Capital, the new captive finance company for the Chrysler Group. The Automotive Finance Group of Kenneth Rojc, David Gemperle, Andrew Kriz, Colleen Lambrecht, Cara Matesi and Debbie Krusen will be assisting with federal and state law compliance matters, business licensing and the review and development of documentation and servicing for Chrysler Capital’s businesses. The new captive finance company will enable Chrysler and Fiat dealers to provide consumer financing, wholesale floor planning, real estate and commercial loans through Chrysler’s network of 2500 dealers.
- February 8, 2012
Nisen & Elliott is representing Volvo Cars of North America, LLC in connection with its launch of a captive finance arm, Volvo Car Financial Services US, LLC (VCFS). The Automotive Finance Group of Kenneth Rojc, William Walker, David Gemperle, Andrew Kriz, Colleen Lambrecht and Cara Matesi will be assisting with all facets of federal and state law compliance matters, business licensing and the review and development of documentation and servicing for VCFS’s retail installment sale and lease businesses. Bank of America will provide the funding and CenterOne Financial Services will provide the servicing for VCFS. The new captive finance company will enable Volvo Cars of North America, LLC to implement a key initiative in their long term growth plan.
- December 28, 2010
Nisen & Elliott is representing TD Bank Group in connection with its announced $6.3 billion acquisition of Chrysler Financial from an affiliate of Cerberus Capital Management , L.P. The New York law firm of Simpson Thacher is the lead transaction counsel for TD and Nisen & Elliott is assisting with U.S. automotive finance regulatory matters. Chrysler Financial is an independent financial services company doing business in the United States and Canada, offering retail financing programs in the United States through franchised automotive dealerships of all brands. The acquisition will give TD a platform for asset generation in the North American automotive lending market, enabling it to significantly grow its consumer loan portfolio. Following this transaction, TD expects to be positioned as a top 5 bank-owned auto lender in the North America. The acquisition is expected to close in the second quarter of TD’s 2011 fiscal year, pending regulatory approvals and satisfaction of other customary closing conditions. The Nisen & Elliott team included Kenneth Rojc, David Gemperle , Karoline Andris, Colleen Lambrecht and Cara Schlismann.