Vincent M. DiLorenzo

Professor of LawSenior Research Fellow, Vincentian Center for Church and Society
School of Law
J.D., Columbia University Law School (1978)

Before joining the faculty, Professor DiLorenzo was a member of the faculty at The Wharton School, University of Pennsylvania, and was associated with the Wall Street firm of Cadwalader, Wickersham & Taft, practicing in the real estate-banking department.  He is a member of the American Bar Association and the New York State Bar Association.  He is a member of the Executive Committee of the Real Property Section of the New York State Bar Association, and a fellow of the American Bar Foundation.  Professor DiLorenzo is also Co-Editor of the N.Y. Real Property Law Journal.

Professor DiLorenzo has authored many articles and books in the field of banking law and regulation, real estate law, and real estate finance.  He is the author of The Law of Condominiums and Cooperatives, Banks and the Securities Law Volume 5, Treatise on Banking Law, New York Condominium and Cooperative Law and Basic Legal Transactions.  His academic research has focused on behavioral decision theory and non-linear dynamics or chaos theory.  These theories have been applied in his writings to issues of community reinvestment and development, consumer protection, and corporate ethics and social responsibility.  He teaches Banking Law, Property, Real Estate Transactions, Legislative Advocacy, and Condominiums, Cooperatives and Homeowner Associations.

He received his J.D. from Columbia University Law School in 1978, where he was a Harlan Fisk Stone Scholar and Associate Articles Editor of the Columbia Journal of Law and Social Problems.

Academic Journals

“Fintech Lending: A Study of Expectations versus Market Outcomes,” 38 Review of Banking and Financial Law (Boston University) 733-772 (2019)

"Corporate Wrongdoing: Interactions of Legal Mandates and Corporate Culture," 36 Review of Banking and Financial Law (Boston University) 207-255 (2016)

"Barriers to Market Discipline: A Comparative Study of Regulatory Reforms," 29 Arizona Journal of International and Comparative Law 517-556 (2012)

“Principles-Based Regulation and Legislative Congruence,” 15 New York University Journal of Legislation and Public Policy 45-108 (2012)

“Unsafe Loans in a Deregulated U.S. Mortgage Market,” Symposium on Real Property, Mortgages, and the Economy: A Call for Ethics and Reforms, 30 Pace Law Review 154-179 (2009)

“Federalism, Consumer Protection, and Regulatory Preemption: A Case for Heightened Judicial Review,” 10 University of Pennsylvania Journal of Business and Employment Law 273- 304 (2008)

“Business Ethics: Law as a Determinant of Business Conduct,” 71 Journal of Business Ethics 275-299 (2007)

"Does the Law Encourage Unethical Conduct in the Securities Industry?"  11 Fordham Journal of Corporate & Financial Law 765-805 (2006)

"Cost-Benefit Analysis, Deregulated Markets and Consumer Benefits: A Study of the Financial Services Modernization Experience," 6 New York University Journal of Legislation and Public Policy 321-400 (2003)

"Legislative and Public Policy Debate: Should the Social Viewpoints of Religious Groups Play No Role?" 1 University of Maryland Law Journal of Race, Religion, Gender and Class 489-504 (2001)

"Financial Services Modernization: Opportunity for Increased Responsiveness to Community Needs," Journal of Affordable Housing and Community Development Law 177-194(2001)

"Equal Economic Opportunity: Corporate Social Responsibility In The New Millennium," 71 University of Colorado Law Review 51-121 (2000)

"Disclosure As Consumer Protection: Unit Purchasers' Need For Additional Protections," Symposium Issue on the Law of Condominiums, 73 St. John's Law Review 43-74 (1999)

"Legislative Heart and Phase Transitions: An Exploratory Study of Congress and Minority Interests," 38 William and Mary Law Review 1729-1815 (1997)

"Complexity and Legislative Signatures: Lending Discrimination Laws As A Test Case," 12 The Journal of Law and Politics (University of Virginia) 637-664 (1996)

"Community Reinvestment: Ignoring Complexity After All These Years," Colloqui - Cornell Journal of Planning and Urban Issues, Spring 1996, at 111-117

"Legislative Chaos: An Exploratory Study." 12 Yale Law & Policy Review 425-485 (1994)

"A Fixed Principle Approach To Statutory Interpretation: The Glass-Steagall Act As A Test Case," 1991 Brigham Young University Law Review 1285-1330

"Restraints on Alienation in a Condominium Context: An Evaluation and Theory for Decisionmaking," 35 Real Property, Probate and Trust Journal 403-432 (1989)

"Public Confidence - Policy Basis for Continued Separation of Commercial and Investment Banking," 35 American University Law Review 647-698 (1986)

Books and Book Chapters

“Evolving Ethical Standards in Property Law: A Study of Regulatory Perspectives toward Home Mortgage Lending Transactions,” in Community, Home and Identity (Michael Diamond and Terry Turnipseed, ed., Ashgate 2012)

"Financing Condominiums, Cooperatives and Time Shares," chapter 10, The Law of Real Estate Financing (Michael Madison and Jeffrey Dwyer, and Steven Berder, West 2001)

"Chaos Theory and the Law," The Philosophy of Law; An Encyclopedia (Christopher Berry Gray ed., Routledge, 1999)

New York Condominium and Cooperative Law (1st edition 1984) (West 2nd edition 1995, and Supplements 1996-2015)

The Law of Condominiums and Cooperatives (Warren Gorham and Lamont 1990)

Basic Legal Transactions (Warren Gorham and Lamont, 1985-1988)

Banks and the Securities Laws Volume 5, Treatise on Banking Law (Matthew Bender and Co., 1981-1992)

Additional Publications

"Disclosing Condo - Coop Self Dealing Contracts," New York Real Property Law Journal, Summer 2019

"Unlimited Liability in Limited Liability Companies," New York Law Journal, October 6, 2017

"Individual Liability of Shareholders, Officers, and Directors Under the Interstate Land Sales Act," New York Real Property Journal, Spring/Summer 2017 at 18-22.

"Fraud in Sale of Condominium Units: ILSA as the Basis for Recovery." New York Real Property Law Journal, Summer 2016 at 6-11.

"The 2008 Amendments to the New York Adverse Possession Law: Unresolved Ambiguity and Suggestions for Clarity," New York Real Property Law Journal, Winter 2015 at 5-12.

"Congress Exempts Condominiums from Interstate Land Sales Act," New York Law Journal, November 12, 2014.

“Individual Liability of Board Members After Fletcher v. The Dakota,” New York State Bar Association Journal, February 2014 at 46-50 (reprinted from N.Y. Real Property Law Journal).

“Qualified Mortgages: New Regulatory Standards and Safe Harbor from Liability,” New York Real Property Law Journal, Winter 2014 at 5-8.

“Three Years After Dodd-Frank: Sacrificing Safety to Maximize Access to Credit,” Bureau of National Affairs’ Banking Report, January 7, 2014 at 1-3.

"Qualified Mortgages: Safe Harbor From What?" New York Law Journal,September 9, 2013 at 4.

"Individual Liability of Board Members after Fletcher v. The DakotaNew York Real Property Law Journal, Winter 2013 at 20-24.

"Why Is the Interstate Land Sales Act a Thorn in My Side?"  New York Real Property Law Journal, Fall 2011 at 5-7.

"Mortgage Underwriting After Dodd-Frank: New Standards and Unfinished Business," New York Real Property Law Journal, Spring/Summer 2011 at 26-30.

“The Right to Terminate Proprietary Leases Based on Objectionable Conduct: Five Years After Pullman,” New York Real Property Law Journal, Spring 2009 at 6-12.

"Private Right of Action-The Uncertain Dividing Line Between the Martin Act and Common Law Fraud," New York Real Property Law Journal, Winter 2008 at 22-25.

“Restrictions on Sale of Condominium Units,” New York Real Property Law Journal, Winter 2007 at 22-25.

“Joint and Several Liability of Individual Condominium Unit Owners,” New York Real Property Law Journal, Winter 2005 at 37-40.

“The Business Judgment Rule and Fiduciary Obligations are Applied to Shareholder Decisions in Cooperative Housing Corporations,” New York Real Property Law Journal, Winter 2004 at 10-11.

“Judicial Deference to Management Decisions in Planned Unit Developments,” Probate & Property, January/February 2001 at 20-24.

“Gramm-Leach-Bliley Act Challenges Financial Regulators to Assure Safe Transition in Banking Industry,” New York State Bar Journal, October 2000 at 26-43.

“Co-op, Condo Sponsors Obligated to Sell Units?”  New York Law Journal, March 29, 1999 at S4.

“RTC’s Power to Terminate Rent Stabilized Tenancies,”  New York Law JournalDecember 24, 1990 at 1.

“Sponsor Defaults,” New York Law Journal, February 23, 1990 at 2.

Papers, Essays and Presentations

“Fintech Lending Risks and Benefits,” Duke Law School Global Financial Markets Center, Fin Reg Blog, November 14, 2018

“How to Improve Corporate Compliance with the Law,” Columbia Law School, CLS Blue Sky Blog on Corporations and the Capital Markets, May 19, 2017

"Corporate Wrongdoing: Interactions of Legal Norms and Corporate Culture," World Interdisciplinary Network for Institutional Research (WINIR) 2016 Conference, Boston, September 2-5, 2016.

"Reason, Cognition and Emotion: A Study of Regulatory Philosophy and Enforcement Policy," XXVII World Congress of the International Association for the Philosophy of Law and Social Philosophy (IVR), hosted by Georgetown University Law Center, Washington, D.C., July 27 - August 1, 2015.

"Risk Assessments by Banking Institutions and Decisions to Ignore or Evade Legal Mandates," Roundtable on 25 Years of Banking Regulation: Socio-Economics Perspectives, sponsored by the Society of Socio-Economists in conjunction with Association of American Law Schools, Annual Meeting, New Orleans, La., January 4, 2013.

"Barriers to Market Discipline: A Comparative Study of Mortgage Market Reforms," Annual Meeting, The Canadian Law and Economics Association, University of Toronto, September 23-24, 2011.

“Long-Term Community Economic Development: The Next Steps,” Annual Meeting, Association for Law Property and Society, Georgetown University Law Center, Washington, D.C., March 4-5, 2011.

“The Dodd-Frank Act’s New Mortgage Underwriting Requirements,” panelist, Real Property Law Section, Annual Meeting, New York State Bar Association, January 27, 2011.

“Lessons from the Mortgage Markets: Property Law’s Continuing Recognition of Limits to Self-Protection,” Association of American Law Schools, Mid-Year Meeting on Property Law, New York, New York, June 11-12, 2010.

“Evolving Ethical Standards in Property Law: A Study of Regulatory Perspectives toward Home Mortgage Lending Transactions,” Annual Meeting, Association for Law, Property and Society, Georgetown University Law Center, Washington, D. C., March 5-6, 2010.

“Federal Reserve Board’s Mortgage Lending Regulations,” panelist, Real Property Law Section, Annual Meeting, New York State Bar Association, January 20, 2010.

“Unsafe Loans in a Deregulated U.S. Mortgage Market,” Symposium on Real Property, Mortgages and the Economy: A Call for Ethics and Reforms, sponsored by the Pace Law Review and LL.M. Program in Real Estate Law, March 20, 2009.

“Does Modern Financial Regulation Work?  Reflections on Deregulation and Internationalization of Supervisory Standards,” panelist, Section on Financial Institutions and Consumer Financial Services, Annual Meeting of the Association of American Law Schools, San Diego, California, January 6-10, 2009.

“The State, Federal and Title Industry Response to the Subprime Mortgage Crisis,” panelist, Real Property Law Section, Annual Meeting, New York State Bar Association, January 29, 2009.

“The Right to Terminate Proprietary Leases Based on Objectionable Conduct,” Annual Meeting, New York State Bar Association, Committee on Condominiums and Cooperatives of the Real Property Law Section, January 29, 2009.

"Condominiums-Right of First Refusal and Restraints on Alienation,"  New York City Bar, Program on Board Governance in Co-ops and Condominiums, April 16, 2008 and April 16, 2009.

"Aiding and Abetting a Breach of Fiduciary Duty and Common Law Fraud," Annual Meeting, New York State Bar Association, Real Property Law Section, January 31, 2008.

“Private Right of Action: The Uncertain Dividing Line Between the Martin Act and Common Law Fraud,” Annual Meeting, New York State Bar Association, Real Property Law Section, January 25, 2007.

“Does the Law Encourage Unethical Conduct in the Securities Industry,” Annual Meeting, The Canadian Law and Economics Association, University of Toronto, September 29, 2006.

“Evading Legal Mandates: The Unintended Consequence of Securities Arbitration Agreements,” Securities Panel, Trans Atlantic Perspectives on ADR, London, July 26-28, 2006.

“Community Economic Development and the Clinton Administration: A Shift Toward Reliance on Private Investment Monitored by Government Regulators,” 11th Presidential Conference, William Jefferson Clinton: The “New Democrat” From Hope, Hofstra University, November 10-12, 2005.

“Does the Law Encourage Unethical Conduct in the Securities Industry?”  12th Annual International Conference Promoting Business Ethics, New York, New York, October 26-28, 2005.

“Joint and Several Liability of Individual Condominium Owners,” Annual Meeting, New York State Bar Association, Real Property Section, Committee on Condominiums and Cooperatives, January 27, 2005.

“The Influence of Law on Business Ethics,” Annual Meeting, Law and Society Association, Chicago, Illinois, May 27-30, 2004.

“OCC Preemption of State Consumer Protection Laws,” Hearing, New York State Assembly, Standing Committee on Banks, April 16, 2004.

“Market Temptations to Evade Legal Constraints:  A Study of Response in the Financial Services Industry,” Tenth International Conference on Promoting Business Ethics, October 22-24, 2003.

Panelist, Workshop on Citizen – Centered Community Building, The Faces and Facets of 21st-Century Poverty, Vincentian Chair of Social Justice Conference 2003, October 18, 2003.

“Deregulated Markets and Consumer Benefit: Financial Services Modernization Experience Casts Doubt on the Assumption of Substantial Benefits,” Annual Meeting, Canadian Law and Economics Association, University of Toronto, September 27-28, 2002.

“Government-Private Partnership:  A Study of the Role of Goal-Oriented Legislation,” World Forum on Urbanizing World and UN Human Habitat II, International Research Foundation for Development and Columbia University, New York, New York, June 4-6, 2001.

Moderator, “Gramm-Leach-Bliley Program on Financial Privacy,”  Co-sponsored by the Federal Trade Commission and the New York County Lawyers’ Association, June 6, 2001.

“The Legislative Debate:  Should the Social Viewpoints of Religious Groups Play No Role?”  MARGINS Second Annual Symposium, University of Maryland School of Law, March 9, 2001.

“Financial Services Modernization:  The Opportunity for Increased Responsiveness to Community Needs,” 7th Annual International Conference Promoting Business Ethics, New York, New York, September 21-23, 2000.

“Planned Unit Development Covenants and Rule-Making:  Governing Legal Principles,” American Bar Association, Section of Real Property, Probate & Trust Law, 11th Annual Spring Symposia, Miami Beach, Florida, March 22-26, 2000.

“The Future of the Community Reinvestment Act,” panelist, Section on Financial Institutions and Consumer Financial Services, Annual Meeting of the Association of American Law Schools, Washington, D.C., January 5-9, 2000.