Class Details New Law News Alert - SB 1286 (Commercial Credit and Collections) Date: 11/13/2024Start Time: 9:00 AM PTEnd Time: 10:00 AM PT California Consumer Protection Laws Now Apply to Commercial Credit Transactions and Debts. Despite Vehement Opposition by Chambers of Commerce and Business Lobbying Groups, Governor Newsom Signs SB 1286 Into Law Imposing New Significant Regulations on California Business-to-Business Commercial Transactions and Debts The spread of consumer-style regulations into commercial business-to-business transactions continues in California as Senate Bill 1286 has been signed into law by Governor Newsom. Simply put, SB 1286 will significantly affect debt collection practices in California as part of the state's broader efforts to apply consumer protection laws to commercial credit and financing transactions. SB 1286 will impact most businesses that extend credit to other businesses in the State of California by expanding the scope of the Rosenthal Fair Debt Collection Practices Act (RFDCPA) to include certain commercial debts. This legislation extends consumer debt collection protections to business debts up to $500,000. Unlike the federal Fair Debt Collection Practices Act, the RFDCPA applies to a creditor collecting its own debts in its own name, as well as to third-party collectors or attorneys collecting debts on behalf of another. SB 1286 will undoubtedly expose businesses to lawsuits for many routine transactions when businesses fail to adhere to the new law. Although we are just now reviewing this new legislation, this session will review some initial takeaways. Instructors: Gibbs Giden Locher Turner Senet & Wittbrodt, LLPChristopher E Ng is the managing partner-elect of Gibbs Giden Locher Turner Senet & Wittbrodt, LLP. He is a member of the firm’s Business and Commercial Law and Construction Law Departments where he primarily represents private and publicly-held companies in a wide range of business, commercial and construction transactions and disputes. Chris, a member of the State Bar of California and District of Columbia and licensed to practice in all California state and federal courts, is also an educator, active speaker, published author and frequent contributor to local, regional and national legal publications. For more than a decade, Chris has served as an adjunct professor and lecturer at Pepperdine University, California State University (Northridge), and Loyola Law School (Los Angeles).Samantha Riggen is a partner in the Westlake Village office of Gibbs Giden where she represents clients in all areas of business and commercial matters with an emphasis on construction litigation. Her construction practice includes the prosecution and defense of claims arising out of both public and private projects. She is experienced in contractual disputes, mechanic’s liens, and stop payment notice and bond claims. Samantha counsels clients through all phases of litigation, including pre-litigation analysis, negotiations, mediation, arbitration, and settlement. She helps client obtain favorable judgments and has substantial experience is enforcing judgments through various collection remedies.Taylor Jennings is currently a law clerk in Gibbs Giden’s Westlake Office, but he will become the firm’s newest associate pending the results of last July’s Bar Exam. Mr. Jennings graduated from Pepperdine Caruso School of Law last May in the top 5 percent of his class. While in law school, he externed for a federal and a California state court judge; worked for a professor as a Research Assistant on antitrust and consumer and data privacy publications; and served as an editor on Law Review. Since joining Gibbs Giden as a summer associate in 2023, Mr. Jennings has worked on a variety of matters, with an emphasis on commercial, construction, and real estate litigation. Event Sponsor: NACM Commercial Services Course Level: I - Intermediate Credits: CEU: 0.100 CCE: 0.100 Location: Webinar Price: Members: $45.00 Non-Members: $75.00 *Price is for admission only. Some events, especially college credit classes, have additional costs associated with materials, such as text books. See the event comments above for more details. Membership discount eligibility is at the discretion of the event sponsor. Cancellations will be accepted for full refund no later than five working days prior to event — substitute attendees accepted up to day of event.
