News & Events

News & Events

4.18.2011

Opportunities for Creditors Under the Revised Receivership Act

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Washington Governor Christine Gregoire has signed into law a series of changes to the state Receivership Act that will make it easier (and possibly cheaper) for creditors to utilize the Receivership Act as a tool to resolve troubled loan situations with their borrowers.  The revisions will become effective 90 days after the Legislature adjourns, making July 24, 2011, the likely effective date.  The changes clarify a number of points that previously puzzled both judges and practitioners.

View full article (PDF).


For more information, please contact the Financial Institutions Industry Team at Lane Powell:

206.223.7000 Seattle
503.778.2100 Portland
lppc@lanepowell.com