Consumer Financial Services and Banking

Kretsch Law attorneys have:

1. Set up over 50 licensed Ch. 53 industrial loan companies and Ch. 56 regulated loans;

2. Represented over 50 Ch. 51 mortgage originator licensees;

3. Successfully defended businesses and individuals licensed by the Minnesota Department of Commerce in administrative hearings seeking: a) license revocation or suspension; b)  civil penalties of seven digits or higher; and c) investigations leading to Department of Commerce claims for injunctive and remedial relief;

4. Represented clients in court hearings alleging statutory or common law violations and damages against our clients;

5. Represented clients in court proceedings seeking enforcement of non-competition agreements and clauses;

6. Provided generic form review and comment and proprietary form development for lending and sales finance organizations;

7. Defended national and local auto/RV lenders in wrongful repossession and lift/stay violation actions and initiating replevin proceedings; and

8. Provided general advice to clients on the current landscape of Minnesota law, including lender liability, usury and legal and legislative rate regulation, and compliance issues.