LAW 882SEM - Banks and Non-Bank Banks

Lawyers who engage in transactional practice need to know who will provide the money to fund the transactions one’s clients undertake. The answer usually includes a bank, a state and and/or federally regulated entity, or some entity that is not-regulated as if it were a bank, but nevertheless engages in similar activities a non-bank bank. Understanding how these different types of entities make their money is essential for dealing with them as transactional lawyers constantly do. This course provides an introduction to both kinds of entities and the legal regimes they operate under, as well as where they get their money. The most difficult math in the course is percentages. This course counts towards the Finance and Development curricular program.

Credits: 3