The Iowa Supreme Court submitted a ruling that favors car title loan businesses and will not give some car owners added protection from higher interest rates on their car title loans. The court ruled that the law, which was implemented July 1, 2007 and capped high interest rates on car title loans, does not apply to new cash advances made on old loans.

After the law was implemented in 2007, Anderson Financial Services, which runs Loan Max and Loan Smart, filed a lawsuit against Iowa Attorney General Tom Miller. Anderson argued that the law did not explicitly address cases in which new cash advances were made on existing loans.

In response, Miller claimed that the legislature intended to address the matter and ensure usury protection during its next session. Although the district court ruled in favor of the Attorney General intially, the
Supreme Court reversed the decision and sent the case back to district
court for a new ruling. 

If you or your business is having problems with repaying car title loans, contact the Des Moines business attorneys of LaMarca and Landry, PC at 877-327-2600.

A mobile tenderloin vendor is facing revocation of its mobile vendor permit because it has not complied with a city ordinance stating that the trailer must be moved off site for at least 6 hours each day.

A hearing occurred on Monday concerning whether or not to revoke Town House Tenderloins' permit. Testimony was heard on both sides of the argument. A ruling on the case is expected by the end of the week. 

If your business is having trouble with a permit, contact the Des Moines business dispute attorneys of LaMarca & Landry, PC at 877-327-2600.

Don's East Grand Service Station has been at 203 E Grand Ave since 1933 when it was built. In April, it was moved a few blocks away to make room for a parking lot and it was put up for sale on eBay with a starting bid of $26,000.

The buyer, Jerry Bassman, plans to move the building to a location on Des Moines St once he has obtained permits from the city. What he will do with the building and the amount he payed for it have not been disclosed. 

Transactions like this one often require well written contracts. If you are planning such a transaction, contact the Des Moines business transaction lawyers of LaMarca & Landry, PC at 877-327-2600.

Coopera Consulting and the Credit Union National Association have entered into a strategic partnership to help 8,000 credit unions across the nation. Coopera Consulting is a subsidiary of the Iowa Credit Union League.

Coopera has a fully bicultural and bilingual staff that reaches out to the Hispanic community. Because of this, CUNA will have Coopera assessing, training and consulting for them among other things.

If your business is considering a strategic partnership, contact the Des Moines business attorneys of LaMarca & Landry, PC at 877-327-2600.

In the construction of a building, there are several parties involved. In any building project, every one of these parties must have an agreement with at least one other party that falls in line with the rest of the agreements.

Unfortunately, if construction contracts are not properly executed, one or more of the parties may take legal action. Because most construction projects take so much money, those involved often find it important to protect their assets.

If you need assistance with a construction contract, contact the Des Moines business attorneys of LaMarca & Landry, PC at 877-327-2600.

Arzeda Corp and DuPont announced Tuesday that they would be collaborating on a project to increase agricultural productivity. The project will develop seed traits that will be important to crops such as soybeans, corn, rice, cotton and canola.

The corporations have said that the rights to all traits developed in the collaboration will be exclusively owned by Pioneer. However, the terms of the agreement have not been disclosed. 

If you need assistance with business agreements, contact the Des Moines business attorneys of LaMarca & Landry, PC at 877-327-2600.

Agriprocessor, the Iowa meat packer that was once the largest kosher meat processor in the US, is currently in bankruptcy and up for auction. However, there is currently only one bidder for the company.

SHF Industries of Montreal, Canada, the sole bidder, has offered US$8.5 million for the purchase of Agriprocessor. That money would go directly to the meat packer's two main creditors.

If you need help with your business, contact the Des Moines buisness attorneys of LaMarca & Landry, PC at 877-327-2600.

Heartland Financial USA of Dubuque has acquired a failed Illinois bank. Elizabeth State Bank was acquired in a loss share transaction which the Federal Deposit Insurance Corp facilitated.

All former Elizabeth State Bank branches have reopened as Galena State Bank branches, a subsidiary of Heartland Financial. Galena has agreed to purchase about $52.3 million in assets as part of the acquisition.

If you are trying to acquire another business, contact the Des Moines business attorneys of LaMarca & Landry, PC at 877-327-2600.

Iowa Public Radio is completing a merger of three radio groups that will create a state wide network. The merger will also help reduce dependence on state universities for operational support.

However, mergers like this have pros and cons. The merger also means that Iowa Public Radio is cutting 9 jobs. While 4 of those jobs are currently unoccupied, the other 5 will have to be laid off. 

If you need help with a merger, contact the Des Moines business attorneys of LaMarca & Landry, PC at 877-327-2600.