Board Briefs Archive

CECL Impact on Banking

by Michael Rediker and Mike Murphey, Porter White & Co. The Financial Accounting Standards Board (“FASB”) has mandated a new methodology known as Current expected Credit Loss (“CECL”) to calculate a bank’s Allowance for Loan and Lease Losses (“ALLL”). Currently, ALLL estimates charges over ...Read More

An Ounce of Prevention: How to Avoid Lien Extinguishment under Alabama’s Common Interest Community Super-Priority Lien Statute

by R. Aaron Chastain and Christopher K. Friedman In 2014, the Nevada Supreme Court sent shockwaves through the mortgage lending industry when it held that a portion of a homeowners’ association (“HOA”) or condominium owners association’s (“COA”) statutory assessment lien had priority over a ...Read More