Category: News & Events

The Automotive Finance Group at Nisen & Elliott, LLC is currently engaged in developing and/or updating the following finance and lease documentation: Multi-State Promissory Note Bank Lenders Non-Bank Lenders Multi-State Lease Contracts

The Automotive Finance Group of Nisen & Elliott, LLC has been selected by a major automotive manufacturer and distributor to provide legal guidance with respect to their launch of a nationwide electric vehicle leasing program. The team of Attorneys and Paralegals headed by Kenneth Rojc will assist with business licensing, contract and...

The Automotive Finance Group has been recently assisting certain captive finance company clients with their state regulatory examinations, including sales finance license examinations. As part of this process, we have worked with both the client and applicable regulator in responding to exam issues related to contract form usage, fee parameters, fair lending...

Automotive Finance Group has been developing new multi-state consumer lease contracts in connection with the upcoming national launch of an electric vehicle and the launch of a new captive company. In both of these projects, Nisen & Elliott will bring its unique expertise to the motor vehicle consumer leasing arena and provide...

Nisen & Elliott has been tracking all developments related to the handling and processing of ancillary product refunds. Our legal team has presented on national webinars, trade association meetings and individual client conferences. The legal and compliance issues center around the state law parameters in connection with the processing and handling of...

Our paralegals within the Automotive Finance Group are actively involved with managing business license renewals for captive finance company clients. The license renewals and management encompass sales finance licenses, lessor licenses, consumer loan licenses and commercial loan licenses. Our paralegal team works with our clients throughout the license application and renewal process...

The Automotive Finance Group is currently reviewing and updating national lease contract forms for many of its motor vehicle leasing clients. As part of these reviews and updates, we are identifying those states that require a state specific lease form. In addition, we have been updating lease contract provisions to accommodate various...

In light of the Covid-19 developments that are impacting the automotive finance markets, Nisen & Elliott LLC is assisting clients with retail and lease extension and deferral programs. As part of this review, we are drafting extension and deferral documents as well as compliance policies. In addition, we are conducting 50 state...

The Automotive Finance Group is tracking Covid-19 state law developments as they apply to automotive lending and leasing. In particular, we are tracking vehicle repossession moratoriums and any limits imposed on contract terms and interest rates. The detailed compilations are available in our monthly compliance report, Auto Alert™.

Nisen & Elliott, LLC is now representing several captive companies in connection with their specialized lease programs, including leases where the maintenance and insurance charge is built into the monthly lease payment. The attorneys and paralegals in the Automotive Finance Group have assisted in coordinating the appropriate lease documents and business licenses...

Nisen & Elliott, LLC has provided banks, captive companies and independent finance companies with a 50 State Review of the refund requirements for GAP Waiver products. This project involved the analysis of state statutes and regulations along with confirmations with certain state regulation agencies.  The compliance guidance provided will enable our clients...

Auto Alert™ celebrates its 20th Anniversary as one of the nation’s leading automotive finance compliance reports. Auto Alert™ is available to Nisen & Elliott’s automotive finance clients on a subscription basis and is provided in both hard copy and electronic versions. David Gemperle is the lead editor of this publication.  Each edition of Auto...