Member

Richard A. Vance

Rick Vance's practice focuses on real estate law, antitrust, trade associations, financial institutions and the industrial hemp industry. He is based in the Louisville office.

Recent News, Articles & Speaking Engagements

Industrial Hemp: A Lender's Guide

UK Conference on the Law of Financial Institutions, October 2018

2018 Farm Bill Finally Blossoms Into Law, Hemp Here to Stay

Banks, Loan Software, and UPL

Kentucky Banker, November/December 2017

Title Agencies Did Not Violate RESPA Affiliated Business Rule

The Title Insurance Law Newsletter, American Land Title Association, September 2017

RESPA Developments: CFPB v. Borders and Borders

Mortgage Bankers Association of America, Litigation Committee Conference, July 25, 2017

Regulatory Climate Under the Trump Administration

Developments before the Consumer Financial Protection Bureau

Keeneland, April 13, 2017

Securities and Antitrust Issues for HR Professionals?

Banking on Industrial Hemp

Hot Topics in Real Estate Litigation

University of Kentucky Conference on Financial Institutions Law, September 19, 2014

Judge Vacates $22 Million Verdict and Orders New Trial

Healthcare Mergers: Idaho Judge to Unwind Acquisition of Medical Practice

SCOKY to Review "Secret Lien" Case

Antitrust and Trade Associations

Thirsty Thursday, Stites & Harbison networking event, May 23, 2013

Antitrust and Employment Law

Employment Service Group, Stites & Harbison, February 26, 2013

Antitrust 101

Asphalt Institute, February 12, 2013

Kentucky Condemnation and Eminent Domain

a chapter in Kentucky Real Estate Law and Practice, University of Kentucky Monograph Series (4th ed. 2012)

Kentucky's Unique Guaranty Statute

Kentucky's New Predatory Lending Law

Recent Assignments
Bar Admissions
Kentucky
U.S. Bankruptcy Court for the Eastern District of Kentucky
U.S. Bankruptcy Court for the Western District of Kentucky
U.S. Court of Appeals for the 6th Circuit
U.S. District Court for the Eastern District of Kentucky
U.S. District Court for the Western District of Kentucky
Firm Leadership

Opinions Committee, Chair

Memberships
American Bar Association, Consumer Financial Services Committee
Kentucky Bar Association
Louisville Bar Association
Community Involvement

Homeless and Housing Coalition of Kentucky, Board of Directors

Kentucky Hemp Industries Association, Board of Directors

Kentucky Habitat for Humanity, Pro Bono Counsel and Volunteer

Education
More Than Stites & Harbison

Rick began his career as a consumer protection investigator with the Federal Trade Commission in Washington, D.C.

Rick is a former member of the Governing Committee of the Conference on Consumer Finance Law and a past board member for Kentucky Housing Corporation (KHC). He has built houses with Habitat for Humanity across the United States, as well as in Hungary, the Philippines and Mexico. He is also building an orphanage in Guatemala. Rick is the former President and current pro bono counsel for Kentucky Habitat for Humanity.

Rick likes outdoor activities such as kayaking and mountain biking.

Accolades

Martindale-Hubbell® AV-Preeminent® Peer Review Rated

Kentucky Super Lawyers® (2013-19)

Louisville Magazine Top Lawyers (2016)

Mhicon
Vancersuperlaw
Kyhialogo Inverse For Web Small
See more related to Richard A. Vance
Client Alerts

Kentucky General Assembly Approves Electronic Recording and Notarization

The General Assembly recently passed Senate Bill 114 into law, which will reform Kentucky’s recording and notary laws in two significant ways: county clerks will soon be able to record real estate deeds, mortgages and other documents electronically, and notaries public will be able to notarize real estate documents electronically and remotely.

by Mina N. Khalil and Richard A. Vance April 09, 2019
Client Alerts

2018 Farm Bill Finally Blossoms Into Law, Hemp Here to Stay

On December 20th, President Donald J. Trump signed the 2018 Farm Bill into law, ending any speculation surrounding the bill’s in-limbo status. Following a series of rejections and revisions, the bill’s newest version was overwhelmingly approved by the Senate 87-13 on December 11, 2018, and passed by the House in a lopsided 369-47 vote the next day.

by Mina N. Khalil and Richard A. Vance December 21, 2018
Press Releases

Kentucky Super Lawyers Honors 42 Stites & Harbison Attorneys for 2019

LOUISVILLE, Ky.—The 2019 edition of Kentucky Super Lawyers recently honored 42 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices. The publication named 33 attorneys to the Super Lawyers list and nine attorneys to the Rising Stars list.

by Stites & Harbison, PLLC December 07, 2018
Creditors' Sidebar

Is eRecording Secure? Recognizing the Risks, Deflating the Myths

When it comes to the electronic recording and notarization of documents, Kentucky has historically been on the outside looking in, while neighboring states have embraced the efficiency and cost-saving benefits of eRecording. But that may...
by Mina N. Khalil and Richard A. Vance January 05, 2018
Press Releases

Kentucky Super Lawyers honors 51 Stites & Harbison attorneys for 2018

LOUISVILLE, Ky.—The 2018 edition of Kentucky Super Lawyers recently honored 55 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices. The publication named 39 attorneys to the Super Lawyers list and 12 attorneys to the Rising Stars list.

by Stites & Harbison, PLLC December 11, 2017
Creditors' Sidebar

Kentucky To Consider E-Recording Reforms

The past two decades have seen a paradigm shift in the way states sign, record, and notarize documents. Once hindered by paper document and "wet" signature requirements, the modern recordation process in many states has...
by Mina N. Khalil and Richard A. Vance October 23, 2017
Creditors' Sidebar

SCOKY Drops the Ball in Unifund

The Kentucky Supreme Court offered a new interpretation of Kentucky's usury statute, KRS 360.010, in a collection case involving a credit-card receivable. Unfortunately, SCOKY interpreted a statute that did not apply. Harrell, a consumer, had...
by Richard A. Vance August 22, 2017
Press Releases

Rick Vance elected to Board of Directors of Kentucky Hemp Industries Association

LOUISVILLE, Ky. —The Kentucky Hemp Industries Association (KYHIA) recently elected Stites & Harbison, PLLC attorney Rick Vance to its Board of Directors. KYHIA is a 501(c)(6) membership-based, non-profit trade group founded in 1992. The group’s...
by Stites & Harbison, PLLC August 21, 2017
Creditors' Sidebar

Comer Introduces Industrial Hemp Bill

Kentucky Representative (and former agriculture commissioner) James Comer introduced new legislation (H.R. 3530) to reduce the burden of regulations and statutes applicable to industrial hemp, an industry which is growing by leaps and bounds in...
by Richard A. Vance July 31, 2017
Creditors' Sidebar

Kentucky General Assembly Halves Judgment Interest Rate

The Kentucky legislature amended KRS 360.040, which governs the interest rate on money judgments. Previously, money judgments bore interest at 12% - the new rate is 6%, which is more in line with other states...
by Richard A. Vance July 24, 2017
Press Releases

Stites obtains summary judgment dismissing the CFPB’s kickback claims against Borders & Borders PLC

LOUISVILLE, Ky.—Ending four years of litigation and a six-year investigation, on July 12, 2017, U.S. District Court Judge Charles Simpson entered summary judgment dismissing all the Consumer Financial Protection Bureau’s (CFPB) claims against Borders &...
by Stites & Harbison, PLLC July 17, 2017
Press Releases

Stites obtains summary judgment dismissing the CFPB's kickback claims against Borders & Borders PLC

LOUISVILLE, Ky.—Ending four years of litigation and a six-year investigation, on July 12, 2017, U.S. District Court Judge Charles Simpson entered summary judgment dismissing all the Consumer Financial Protection Bureau’s (CFPB) claims against Borders &...
by Stites & Harbison, PLLC July 17, 2017
Presentations

Regulatory Climate Under the Trump Administration

Stites & Harbison attorneys Rick Vance, Brian Bennett, Blaine Early and Dustyn Jones discuss the regulatory climate under the Trump Administration in this presentation to a live audience at Keeneland Race Track in Lexington, Kentucky.

by Brian M. Bennett, W. Blaine Early III, Dustyn B. Jones, and Richard A. Vance April 13, 2017
Creditors' Sidebar

Lis Pendens Saves Equitable Mortgage

The Kentucky Court of Appeals recently affirmed in Brooks v. J.P.Morgan Chase Bank, N.A. that an equitable mortgage established in litigation has priority over a pendente lite mortgage. The Lender filed an action to correct...
by Richard A. Vance March 13, 2017
Creditors' Sidebar

Still Not Valid When Made

Last year, we posted about Madden v. Midland Funding, LLC, 786 F.3d 246 (2d Cir. 2015), where the Second Circuit Court of Appeals decided to ignore the "Valid When Made" doctrine. This is the established...
by Richard A. Vance January 04, 2017
Client Alerts

Securities and Antitrust Issues for HR Professionals?

Human resource professionals typically concentrate on employment law – and there have been plenty of new developments in traditional employment law areas, such as the injunction against the new Department of Labor overtime rule. But...
by Richard A. Vance December 06, 2016
Press Releases

Kentucky Super Lawyers honors 55 Stites & Harbison attorneys for 2017

LOUISVILLE, Ky.—The 2017 edition of Kentucky Super Lawyers recently honored 55 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices. The publication named 41 attorneys to the Super Lawyers list...
by Stites & Harbison, PLLC November 22, 2016
Creditors' Sidebar

New York and Florida Courts Enforce E-Notes

Appellate courts in New York and Florida recently ruled that mortgage lenders "holding" electronic notes had standing to foreclose on the real property securing the E-Notes. Although Congress passed the Electronic Signatures in Global and...
by Richard A. Vance June 29, 2016
Articles

How Are Banks Affected by the Employment Executive Orders?

While many legislative proposals have stalled in Congress, President Obama has moved forward with a variety of labor and employment initiatives by means of Executive Orders.

by Richard A. Vance May 26, 2016
Creditors' Sidebar

Kentucky Legislative Tweaks

With only one day left in the 2016 legislative session—the legislature is scheduled to adjourn sine die on April 12—the General Assembly has passed, and the Governor signed, less than 30 of the 941 bills...
by Richard A. Vance April 05, 2016
Articles

Banking on Industrial Hemp

Colorado has legalized marijuana for medical and recreational use. Kentucky has legalized the production of industrial hemp. Both substances are derived from the same species, cannabis sativa l., which Congress has declared unlawful under the Controlled Substances Act (CSA).

by Richard A. Vance March 31, 2016
Creditors' Sidebar

Kentucky Legislature To Consider Commercial Receivership Reform

As the Kentucky General Assembly passed the midpoint in its session, a bill was introduced to overhaul the procedures in commercial receivership (Senate Bill 149). A receiver is a person appointed by a court to...
by Richard A. Vance March 01, 2016
Press Releases

Richard A. Vance appointed to Kentucky Housing Corporation Board

LOUISVILLE, Ky.—Stites & Harbison, PLLC attorney Rick Vance was recently appointed to the Kentucky Housing Corporation (KHC) board of directors. He will serve a four-year term. KHC invests in affordable housing solutions by offering an...
by Stites & Harbison, PLLC February 17, 2016
Creditors' Sidebar

U.S. Supreme Court to Consider “Valid When Made” Doctrine

Last year, the influential Second Circuit Court of Appeals handed down a troubling, and to many banking lawyers, plainly-wrong decision in Madden v. Midland Funding LLC.[i] In that case, Midland had bought a credit card...
by Richard A. Vance January 28, 2016
Press Releases

Kentucky Super Lawyers honors 64 Stites & Harbison attorneys for 2016

(image) LOUISVILLE, Ky.—The 2016 edition of Kentucky Super Lawyers recently honored 64 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices. The publication named 49 attorneys to the Super Lawyers...
by Stites & Harbison, PLLC December 08, 2015
Presentations

Hot Topics in Banking and Real Estate Litigation

Stites & Harbison attorneys Rick Vance, Blaine Early, Chrisandrea Turner and Brian Pollock on Hot Topics in Banking and Real Estate Litigation.

by W. Blaine Early III, Brian R. Pollock, Chrisandrea L. Turner, and Richard A. Vance April 23, 2015
Press Releases

Super Lawyers honor Stites & Harbison's Kentucky Attorneys

(image) LOUISVILLE, Ky.—Super Lawyers names 52 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices for inclusion on the 2015 Kentucky Super Lawyers list and 18 attorneys are named...
by Stites & Harbison, PLLC December 01, 2014
Client Alerts

Judge Vacates $22 Million Verdict and Orders New Trial

Jefferson Circuit Judge Jim Shake vacated jury verdicts against several banks in a major lender liability/mortgage fraud case in Louisville. The verdict, one of the largest ever in a Kentucky lender liability case, garnered significant...
by Richard A. Vance August 19, 2014
Client Alerts

WDKY holds that service charge on delinquent account violates Kentucky Usury Law!

PSI, a debt collector, sought to collect a delinquent account from Grace, a consumer who had received medical services in the emergency room of a Louisville hospital. She failed to pay her bill, and...
by Richard A. Vance June 30, 2014
Creditors' Sidebar

How to Rescind a Mortgage Refinance? SCOTUS May Address Circuit Split

The Truth in Lending Act (TILA) requires that certain disclosures be given at the time of a refinance of a mortgage loan, including notice of a three-day cooling-off period. The purpose of the cooling-off period...
by Richard A. Vance March 23, 2014
Creditors' Sidebar

More CFPB Overreach?

The Dodd-Frank Act (DFA) established the Consumer Financial Protection Bureau (CFPB) to search out unfair, deceptive, and abusive acts injuring consumers. It authorized CFPB to set up its own administrative adjudication system, with its own...
by Richard A. Vance March 18, 2014
Creditors' Sidebar

Welcome to the Neighborhood — Kentucky High Court to Determine Whether Lender is Obligated to Pay HOA Dues on Unimproved Property

The Supreme Court of Kentucky has granted discretionary review of a court of appeals ruling that a bank taking 51 subdivision lots by deed in lieu of foreclosure was not entitled to the developer's exemption...
by Richard A. Vance March 10, 2014
Client Alerts

Healthcare Mergers: Idaho Judge to Unwind Acquisition of Medical Practice

Last week, a federal district court judge in Idaho ruled that a diversified hospital company’s acquisition of a large primary care medical practice violated the antitrust laws. The court will order divestiture. In 2013...
by Richard A. Vance February 12, 2014
Client Alerts

SCOKY to Review "Secret Lien" Case

The Supreme Court of Kentucky (SCOKY) is expected to rule shortly on the enforceability of a secret lien in favor of a county economic development authority. The secured transaction provisions in Article 9 of...
by Richard A. Vance January 24, 2014
Client Alerts

Sixth Circuit refuses to enforce HUD's 10 Factor Affiliated Business Arrangement Policy Statement

On the day before Thanksgiving, the Sixth Circuit handed down an important RESPA decision in Carter v. Welles-Bowen, Inc.1—one that may not have left the Consumer Financial Protection Bureau in a particularly thankful mood...
by Richard A. Vance December 18, 2013
Press Releases

Super Lawyers honors Stites & Harbison's Kentucky attorneys for 2013-14

LOUISVILLE, Ky.—Super Lawyers names 53 Stites & Harbison attorneys in the Frankfort, Lexington and Louisville, Ky., offices for inclusion on the 2013-14 Kentucky Super Lawyers list and 19 attorneys are named on the inaugural...
by Stites & Harbison, PLLC December 17, 2013
Articles

Kentucky's Unique Guaranty Statute

Beware the Jabberwock my son, The jaws that bite, the claws that snatch! Beware the Jubjub bird, and shun The frumious Bandersnatch! - Lewis Carroll, Through the Looking Glass (1872) And beware the Kentucky...
by Richard A. Vance July 19, 2005
Articles

Kentucky's New Predatory Lending Law

Observers of Kentucky public policy often note that trends, whether political, economic, legal or fashion, that begin on either coast take about five years to reach Kentucky. With the exception of its early embrace...
by Richard A. Vance May 01, 2003