David S Willenzik

Practice Details

• Firm Information
  Position

  Special Counsel

  Firm Name

  Jones Walker LLP
• Representative Cases & Transactions
  Cases

  Representative Matters: Led the effort to enact UCC Article 9 in Louisiana. Chaired UCC committee
  served as primary initiator
  drafter of Louisiana UCC Article 9 (Act 135 of 1989, effective Jan. 1, 1990),
  in globo amendments to the Louisiana security device laws to permit implementation of the UCC (Act 137 of 1989)
  Negotiated Louisiana UCC filing system between Louisiana Secretary of State
  Clerks of Court Association permitting filings to be made in any of 64 parishes, with central registry in Secretary of State's office. Filing system later adopted by the State of Georgia
  Consulted with the Governor, the Louisiana Legislature, Secretary of State's Office, Office of Motor Vehicles, Department of Agriculture,
  Clerks of Court Association on implementation of UCC Article 9
  Primary initiator of the enactment of UCC Article 4A in Louisiana
  Primary initiator of the repeal of UCC Article 6 (bulk sales) in Louisiana
  Primary initiator
  drafter of the Louisiana Lease of Movables Act (equipment leasing code)
  Primary initiator
  drafter of the Louisiana Credit Agreement Law, which requires that all agreements
  underst
  ings with respect to consumer
  commercial extensions of credit be in writing in order to be enforceable
  Primary initiator
  drafter of Louisiana legislation defining the responsibilities
  potential liability exposure of financial institution outside counsel
  accountants
  Primary initiator
  drafter of Louisiana statutes exempting business
  commercial loans from usury limitations
  from the prohibition against interest compounding
  Primary initiator
  drafter of Louisiana interest rate parity legislation permitting Louisiana based lenders to charge interest
  fees at higher rates
  amounts as permitted to non-Louisiana based lenders making loans into Louisiana
  Primary initiator
  drafter of Louisiana statutes applicable to priority of Louisiana collateral mortgages
  Actively participated in the drafting of the 1980 Truth in Lending Simplification Act, serving as a member of the American Bankers Association/Consumer Bankers Association Task Force on TIL Reform
  Consulted with Federal Reserve Board Staff on significant amendments/revisions to Reg. Z, Reg. M
  Reg. B
  Primary drafter
  initiator of significant amendments
  restatements of the Louisiana laws that apply to consumer credit transactions, including amendments
  restatements of the Louisiana Consumer Credit Law, Motor Vehicles Sales Finance Act
  Residential Mortgage Lending Act
  Primary drafter
  initiator of the Louisiana Equal Credit Opportunity Act (1976), which for the first time gave married women the right to obtain individual credit in their own names (prior to the enactment of the Louisiana Equal Management Community Property Laws in 1980)
  Consulted with the Louisiana Office of Financial Institutions (banking
  securities commissioner), Louisiana Motor Vehicle Commission (regulator of motor vehicle dealers
  lenders), Louisiana Attorney General's Office, Louisiana Bankers Association
  the Louisiana Consumer Finance Association on banking
  consumer financial services related issues
  legislative initiatives