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Terry J. Retson

Of Counsel
Offices: Merrillville, Chicago
tretson@kdlegal.com
p: 219-227-6089
f: 219-227-6101

Terry Retson focuses his practice in the area of commercial banking. Additionally, Mr. Reston counsels clients on matters involving real estate, real estate finance, affordable housing, and partnerships.

Certifications

  • Legal Lean Sigma® White Belt

Education

  • J.D., Harvard Law School, Cambridge, Massachusetts, 1977
  • M.A., Northwestern University, Evanston, Illinois, 1974
  • B.A., Northwestern University, Evanston, Illinois, 1974

Bar & Court Admissions

  • Indiana (1986)
  • Illinois (1977)

Insights

Financial Services

Your Customer Is Heading Towards Bankruptcy, What Should You Do Now?

June 23, 2022

Firm News and Events

Krieg DeVault Partners John B. Baxter and Robert A. Greising Named to Chambers USA 2022 List; Firm Named to Chambers USA 2022 List for Real Estate 

June 22, 2022

Financial Services

Recent Developments in Fair Lending Discrimination as a UDAAP Violation and Algorithmic Redlining

June 2, 2022

Financial Services

Indiana’s Newly Passed LIBOR Legislation Immediately Preempted by Federal Counterpart

March 31, 2022

Financial Services

CFPB Significantly Expands UDAAP Authority to Address Discrimination

March 21, 2022

Firm News and Events

Patrick Fagan Joins Krieg DeVault’s Commercial and Real Estate Lending Practice

February 28, 2022

Firm News and Events

Julie A. Johnsten and Crystal L. Stallworth Join Krieg DeVault as Paralegals

February 1, 2022

Secured Lender

Indiana Senate Bill Would Replace LIBOR When Necessary

January 28, 2022

Firm News and Events

Krieg DeVault Adds Two New Associates; Alexandra E. Wilson and Joel E. Haas

October 1, 2021

Financial Services

Federal Agency Raises Lending Concerns Within Hemp Industry

August 18, 2021

Thought Leadership

Alex Bowman Joins Krieg DeVault’s Real Estate and Environmental Practice

August 2, 2021

Secured Lender

Commercial Real Estate and Tenant Estoppel Certificates: Enforcement by Illinois Courts

July 16, 2021

Firm News and Events

Matthew D. Malcolm Joins Krieg DeVault’s Growing Real Estate Practice Group

July 8, 2021

Litigation

Arbitration Clauses: Things Every Financial Institution Should Consider Before Agreeing to Arbitrate [WEBINAR]

June 23, 2021

Secured Lender

COVID-19 Vaccination Mandates in the Workplace Podcast

June 21, 2021

Litigation

Want to Change a Joint Account? Put it in Writing!

May 26, 2021

Litigation

SEA 370 Signed Into Law, Effective Immediately

April 23, 2021

Secured Lender

Secure and Fair Enforcement (SAFE) Banking Act Passes U.S. House…Again

April 20, 2021

Litigation

Supreme Court Confirms that to Violate the TCPA your Automatic Telephone System Must Use a Random or Sequential Generator

April 7, 2021

Secured Lender

President Signs COVID-19 Bankruptcy Relief Extension Act of 2021

March 31, 2021

Real Estate

Planning Considerations for IRC Section 1031 Exchanges

March 24, 2021

Real Estate

Ten Important Tools to Manage Environmental Risks in Real Estate Transactions [INFOGRAPHIC]

March 16, 2021

Real Estate

Triple Net - A Series on Commercial Leasing by Krieg DeVault: Breaking Down the Three Main Types of Leases

February 25, 2021

Real Estate

Changes to the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys Effective February 23, 2021

February 10, 2021

Real Estate

Triple Net - A Series on Commercial Leasing by Krieg DeVault: Tenant Considerations for Letters of Intent

February 8, 2021

Litigation

Indiana Financial Institutions Continue to be Targeted in Class Action Overdraft and NSF Lawsuits

February 3, 2021

Firm News and Events

Krieg DeVault's Kay Dee Baird Elected Chair of the Indianapolis Bar Association's Commercial Law & Bankruptcy Section for 2021

January 1, 2021

Real Estate

Changes to the Indiana Sales Disclosure Form Effective January 1, 2021

December 28, 2020

Real Estate

Section 1031 Exchanges: Final Regulations Issued for Definition of Real Property

December 17, 2020

Secured Lender

CFPB Issues Finalized Changes To Regulation F To Implement The Fair Debt Collection Practices Act

December 16, 2020

Secured Lender

The Importance of Paying Attention to Notices Received in Bankruptcy Cases: Creditor Misses Proof of Claim Bar Date and Loses Claim for $2 Million

November 13, 2020

Secured Lender

Indiana Supreme Court Further Extends Partial Protection of CARES Act Recovery Rebates

November 12, 2020

Secured Lender

OCC Issues Final "True Lender" Rule

November 11, 2020

Secured Lender

IRS Instructs Lenders not to File Form 1099-C for Forgiveness of Paycheck Protection Program Loans

October 1, 2020

Secured Lender

Student Loan Dischargeability: Recent Developments

September 18, 2020

Secured Lender

Moratorium on Indiana Residential Foreclosures and Evictions Extended Through August 14, 2020

July 31, 2020

Secured Lender

Seventh Circuit Court of Appeals Reaffirms the Necessity of Adhering to the Bankruptcy Code Text

July 14, 2020

Secured Lender

Reminder: Post-Judgment Interest on Indiana State-Court Judgments Tolled Until August 15, 2020

July 14, 2020

Secured Lender

Indiana Moratorium on Residential Property Evictions and Mortgage Foreclosures Will Continue Through the End of July 2020

July 5, 2020

Financial Services

US Supreme Court Rules Structure of the CFPB Unconstitutional, Preserves Bureau's Authority to Operate

June 30, 2020

Secured Lender

CFPB Aims to Ease Servicer Loss Mitigation Efforts and Encourage Small Dollar Loans with New No-Action Letter Templates

June 28, 2020

Real Estate

New Change to the Indiana Code Requires Additional Signature by Witness on All Recorded Documents

June 24, 2020

Secured Lender

A Bankruptcy Court Weighs In: Do Force Majeure Clauses Excuse Commercial Tenants from Paying Rent?

June 23, 2020

Secured Lender

Eviction and Foreclosure Moratoriums Extended to August 31, 2020 for Federally-Backed Mortgages

June 17, 2020

Secured Lender

Changes are Coming to the Indiana Consumer Credit Code - Are you Ready?

June 15, 2020

Secured Lender

TILA and the Right of Rescission: Illinois Adopts One-Year Limitation Period

June 10, 2020

Financial Services

OCC Issues Advance Notice of Proposed Rulemaking Regarding Digital Banking Activities

June 8, 2020

Secured Lender

A Hospital's Bankruptcy Filing Dramatically Changes the Equation for Medical Providers

June 8, 2020

Secured Lender

Indiana Supreme Court Extends Partial Protection of CARES Act Recovery Rebates

May 31, 2020

Financial Services

CFPB Provides Flexibility to Financial Institutions When Dealing with Billing Errors, Payment Rules and Deposit Accounts Terms Related to the COVID-19 Pandemic

May 17, 2020

Real Estate

Force Majeure Considerations for Commercial Leases in Indiana

May 14, 2020

Secured Lender

Commercial Collection Issues in a COVID-19 Economy

May 10, 2020

Secured Lender

Preparing for the (Likely) Coming Wave of Bankruptcies

May 4, 2020

Secured Lender

Illinois Eviction Moratorium: Relief Extended to Non-Residential Tenants

April 28, 2020

Secured Lender

COVID-19 and Supplemental Proceedings: Illinois Supreme Court Provides Guidance

April 28, 2020

Secured Lender

COVID-19 and the Mortgage Industry: Embracing the Virus on the Legislative and Regulatory Front

April 26, 2020

Financial Services

Paycheck Protection Program and Health Care Enhancement Act Update

April 21, 2020

Secured Lender

Indiana Supreme Court Orders Partial Protection of CARES Act Recovery Rebates Payments

April 20, 2020

Secured Lender

Federal Reserve Announces the Main Street Lending Program

April 16, 2020

Financial Services

Interagency Statement on Loan Modifications and Reporting for Financial Institutions

April 14, 2020

Real Estate

CARES Act Provides 100% Bonus Depreciation for Qualified Improvement Property

April 14, 2020

Real Estate

IRS Extends 1031 Exchange Deadlines in Response to COVID-19 Pandemic

April 12, 2020

Secured Lender

Important Updates On PPP Loans - Recent SBA Guidance

April 9, 2020

Real Estate

COVID-19 Issues for Commercial Landlords

April 6, 2020

Secured Lender

Indiana Expedites Implementation of Remote Notary Statute - Part I

March 29, 2020

Financial Services

The CARES Act: Provisions Directly Affecting Financial Institutions

March 26, 2020

Financial Services

The CARES Act: Flexibility for Lenders

March 26, 2020

Secured Lender

The CARES Act: Creditors' Rights & Bankruptcy

March 26, 2020

Real Estate

The CARES Act: Issues for Real Estate

March 26, 2020

Financial Services

A Message from Krieg DeVault LLP's Creditors' Rights and Bankruptcy Practice Group on Our Response to the Coronavirus COVID-19 Pandemic

March 23, 2020

Financial Services

Financial Services Regulators Respond to COVID-19

March 22, 2020

Secured Lender

Indiana Court of Appeals Expands De Facto Merger Exception to the General Rule Regarding Corporate Liability for Debts

March 8, 2020

Secured Lender

Seventh Circuit Confirms that the Bankruptcy Code Expressly Subordinates a Seller's Reclamation Claim to the Prior Rights of a Secured Creditor

February 19, 2020

Secured Lender

Indiana Supreme Court Rejects Imposition of “Rule of Reasonableness” on the Statutes of Limitations Applicable to a Lender's Pursuit of a Defaulted Mortgage Installment Promissory Note

February 19, 2020

Financial Services

NCUA Issues Proposed Rule Allowing Some Credit Unions to Issue Subordinated Debt

January 26, 2020

Thought Leadership

Community Reinvestment Act Proposed Rulemaking Update

December 23, 2019

Thought Leadership

Brokered Deposits Restrictions Proposed Rulemaking Update

December 23, 2019

Firm News and Events

Krieg DeVault Authors Indiana Chapter of The Secured Finance Network Compendium of Secured Finance Law

September 25, 2019

Thought Leadership

New Wave of Overdraft Fee Class Action Suits Targets Indiana Financial Institutions

September 22, 2019

Thought Leadership

Agencies Adopt Final Rule Excluding Community Banks from Volcker Rule

July 11, 2019

Thought Leadership

Is Your Organization in Compliance With IRS Rules on Employer Identification Numbers?

April 29, 2019

Firm News and Events

Maria M. Vladimirova Joins Krieg DeVault's Financial Institutions Practice Group

March 7, 2019

Thought Leadership

Indiana Court Upholds Department of Financial Institutions Ruling on Auto Dealer Electronic Titling Fees

November 1, 2018

Thought Leadership

Banking Marijuana-Related Businesses

July 24, 2018

Thought Leadership

Indiana DFI Issues Advisory Letter Reinforcing Position on Dealer Convenience Fees

June 7, 2018

Thought Leadership

President Trump Signs Dodd-Frank Reform Into Law Providing Regulatory Relief to Community Banks

May 29, 2018

Thought Leadership

Indiana DFI Enforcement Action Against Auto Dealer Underscores the Importance of Ensuring Indirect Lending Partners Understand Consumer Credit Laws

May 8, 2018

Thought Leadership

Court Determines Debtor's Correct Name on Driver's License for UCC-1 Financing Statement

March 5, 2018

Thought Leadership

Is Your Website Compliant with the Americans With Disabilities Act?

February 21, 2018

Thought Leadership

Secured Lender Alert: LIBOR Replacement

February 7, 2018

Firm News and Events

Brett J. Ashton to Speak at the 1st American Financial Services Association Law & Compliance Symposium

January 16, 2018

Thought Leadership

The Department of Defense Issues an "Interpretative Rule" to the Military Lending Act - Auto and Personal Property Lenders Faced With Regulatory Uncertainty

January 9, 2018

Thought Leadership

CFPB Issues Final Payday and Installment Loan Rule

January 2, 2018

Firm News and Events

Krieg DeVault Announces 2022 Senior Associate Promotions

January 26, 2022

Thought Leadership

Fed's Main Street Lending Program Expanded

June 9, 2020

Firm News and Events

Real Estate Partner David Adams shares his insights with Midwest Real Estate News regarding the Indianapolis' commercial real estate market

January 16, 2020

Firm News and Events

Julie A. Carpenter Selected for "Professionalism Award" from the IBA

October 14, 2019

Firm News and Events

Seventh Circuit Confirms that under Illinois law, Reference in Financing Statement to Parties' Security Agreement is Sufficient to Perfect Secured Creditor's Lien on Debtor's Collateral Described in Security Agreement

September 29, 2019

Firm News and Events

Eight Attorneys Named to 2020 Best Lawyers in America Listing

August 14, 2019

Firm News and Events

David A. Adams Joins Krieg DeVault's Real Estate and Commercial and Real Estate Lending Practice Groups

March 18, 2019

Firm News and Events

Julia A. Carpenter Named Chair of Krieg DeVault's Commercial and Real Estate Lending Practice

February 17, 2019

Firm News and Events

Krieg DeVault Announces 2019 Senior Associate Promotions

January 10, 2019

Firm News and Events

Krieg DeVault Welcomes Three New Associates - Alexandria M. Foster, Scott C. Frissell, and Ben Vandeventer

October 22, 2018

Firm News and Events

Partner Julia A. Carpenter Named Krieg DeVault's Chief Diversity Officer

July 8, 2018

Firm News and Events

Krieg DeVault Partners John B. Baxter and Robert A. Greising Named to Chambers USA 2018 List

May 10, 2018

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