PHILADELPHIA, PA, December 14, 2009 – Paul Schieber and Jed Mayk, Shareholders of Stevens & Lee, presented at the Mortgage Bankers Association’s RESPA Ready 2010 Compliance Workshops on December 1 in Denver, CO, December 2 in Irvine, CA and December 11 in Philadelphia. Messrs. Schieber and Mayk reviewed new regulation implementation and business issues faced by lenders and loan investors in connection with the Real Estate Settlement Procedures Act (RESPA) disclosure rule, which will take effect January 1, 2010. This is the first substantive RESPA revision to occur in over a decade.

Mr. Schieber represents banks, thrifts, credit unions, mortgage companies, finance companies, mortgage insurance companies and other financial services providers across the country, with particular focus on consumer finance, regulatory compliance and litigation defense matters.

Mr. Schieber is widely published on banking and finance issues and is the co-author of The Lender’s Guide to Consumer Compliance and Anti-Discrimination Laws, co-author of the six volume Pratt’s State Regulation of Second Mortgages and Home Equity Loans and is the original author of the Allregs© State Law Compliance Module.

He is Chair of the Business Law Section of the Pennsylvania Bar Association, a member of the Mortgage Bankers Association of America and the Mortgage Bankers Association of Greater Philadelphia, and a Board Member of the America-Israel Chamber of Commerce.

Prior to entering private practice in 1986, Mr. Schieber served as the executive director of the Public Housing Authorities Directors Association in Washington, D.C. He was also a legislative assistant in Governor Hugh Carey’s New York State Office of Federal Affairs and to Congressman James Scheuer. 

Mr. Schieber received a J.D. from the Catholic University of America Columbus School of Law, an M.A. from the State University of New York at Stony Brook, a B.A. from Columbia University and a B.H.L. from the Jewish Theological Seminary.

Mr. Mayk concentrates his practice in state and federal regulatory compliance for the mortgage, home equity, auto, credit sale and other consumer lending programs of banks, thrifts, credit unions and licensed lenders and brokers. He also advises clients on federal real estate lending and appraisal rules for depository institutions, OCC and OTS preemption, licensing of operating subsidiaries, exportation and most favored lender issues, DIDMCA/AMTPA preemption, EFTA, electronic commerce and data security and state and federal debt collection laws. He negotiates loan sale and purchase agreements, subservicing agreements, financial services outsourcing agreements and other agreements relating to consumer lending programs.

Mr. Mayk is a Board Member of the Consumer Credit Counseling Service of Delaware Valley and a member of the Legal Issues and Regulatory Compliance Committee of the Mortgage Bankers Association. He is a member of the Consumer Financial Services Committee of the American Bar Association and Chair of the Consumer Law Committee of the Pennsylvania Bar Association. He is also a member of the Philadelphia Bar Association. Mr. Mayk holds a J.D., with honors, from Rutgers University School of Law and a B.A., summa cum laude, from St. Joseph’s University.

ABOUT STEVENS & LEE
Among the 200 largest law firms in the nation, Stevens & Lee is part of a multidisciplinary professional services platform which also consists of a FINRA-licensed investment bank, a D&O and E&O insurance risk consulting business, a swap and derivative advisory business, federal and state lobbying units, a health care risk consulting business, and a government incentives and sales and use tax consulting business, as well as several strategic alliances which expand our platform.

Our 240 multidisciplinary professionals represent clients throughout the Mid-Atlantic region and across the country from 15 offices in: Reading, Harrisburg, Philadelphia, Valley Forge, Lancaster, the Lehigh Valley, Scranton and Wilkes-Barre, Pennsylvania; Princeton and Cherry Hill, New Jersey; Wilmington, Delaware; New York City and Charleston, South Carolina.

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