John D. Socknat is the Co-Practice Leader of Ballard Spahr's Mortgage Banking Group. John uses his knowledge and breadth of the business issues affecting the residential and commercial mortgage banking industries and the legal landscape to advise clients on compliance and licensing matters under state and federal law.
John's clients include mortgage and consumer finance companies, financial institutions, servicers, collection agencies, title companies, real estate brokers, and secondary-market investors. He focuses his practice in matters concerning regulations such as the Real Estate Settlement Procedures Act (RESPA), the Truth in Lending Act (TILA), the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA), financial privacy in Title V of the Gramm-Leach-Bliley Act, the Fair Debt Collection Practices Act (FDCPA), state consumer credit and debt collection, and telemarketing-related issues, among others. He also counsels clients on e-commerce issues, including electronic signatures, electronic storage of records, and electronic delivery of credit-related disclosures. In addition, John has represented clients in asset and stock transactions and joint venture arrangements.
His areas of expertise lie in:
- Mortgage banking.
- Business.
- Finance.
- Consumer financial services.
- CFPB
- Privacy, data, marketplace security.
