Category: All States

15 Nov

Underwriting Q&A: What in the world is PACA and PSA?

Q: What in the world is PACA and PSA? A: “PACA” refers to the Perishable Agricultural Commodities Act, while “PSA” refers to the Packers and Stockyards Act. These statutes were designed to protect agricultural and livestock producers who were commonly subjected to wrongful/unfair business practices. Over time, these statutes were strengthened to add trust provisions

28 May

Underwriting Q&A: If the current seller was awarded the property in a divorce proceeding, do we need to worry about a federal tax lien recorded against the ex-spouse post-divorce?

Q: If the current seller was awarded the property in a divorce proceeding, do we need to worry about a federal tax lien recorded against the ex-spouse post-divorce? A: The answer will depend on what steps were taken after the divorce to provide notice to creditors and the characterization of the subject property as set