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July 8, 2025 To embed, copy and paste the code into your website or blog: Due to the Federal Reserve’s imminent shift to a new funds wiring system (known as ISO 20022), if you have upcoming plans to transfer any amount of funds via wire transfer, confirm with your bank and anyone else handling your funds that they are prepared for the shift to ISO 20022 and can accommodate your wire on the planned date of transfer.
Prudent commercial real estate lenders active in California should consider the cautionary tale of the California Appellate Court’s September 2022 decision in Honchariw v. FJM Private Mortgage Fund LLC. Based on this decision, a lender seeking to exercise remedies, including charging default interest following a borrower’s default, should carefully look at any remedy provisions within their loan documents, especially those that can be construed as amounting to liquidated damages.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.