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Amicus Brief on Valid-When-Made

posted by Adam Levitin

I have filed an amicus brief regarding "valid-when-made" in Rent-Rite Super Kegs West, Ltd. v. World Business Lenders, LLC. The brief shows pretty conclusively that there was no such doctrine discernible in the law when either the National Bank Act of 1864 or the Depository Institutions Deregulation and Monetary Control Act of 1980 were enacted, and that subsequent cases consistent with the doctrine are based on a misreading of older law. 

September 19, 2019 at 3:26 PM in Academic & Scholarly News, Consumer Finance, Financial Institutions, Historical Perspectives, Small Business, Usury

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