New Florida Receivership Statute Gives Commercial Mortgage Lenders Potential Leverage
By EsqSocial Corporation 23/07/20
Amidst the growing uncertainty caused by the COVID-19 pandemic, Florida’s newly enacted receivership law, the Uniform Commercial Real Estate Receiver Act (“UCRERA”), codified in Chapter 714 of the Florida Statutes, endeavors to offer predictability for commercial real property receiverships in the context of a commercial foreclosure legal action. UCRERA became effective on July 1, 2020 and codifies procedures, conditions and requirements to protect creditors’ interests in real property......<BR />By: <a href="https://www.jdsupra.com/profile/foley_lardner/">Foley & Lardner LLP</a>