Lender liability claims can deal with large and small banks, commercial lenders, small lenders, mortgage lenders, leasing companies, automobile dealers, retailers, and finance companies. Lender liability issues include: bad faith claims; lending fraud; bank fraud; breach of fiduciary duty; breach of contract; misrepresentation; bank officer and director liability issue; improper bank transfers; inappropriate collateral sales; and payment system errors.
Lender liability claims can often be prevented with careful planning and implementation of procedures including regulatory compliance; review and modification of loan documents; changes to loan workouts and restructurings; and modification of foreclosure and collection processes.
It is important to take preventative measures to avoid potential lender liability litigation before it occurs. It is important to talk to an attorney to make sure your business is complying with the appropriate regulations and drafting documents that reduce your risk and liability. If you are interested in learning more about preventing potential lender liability or your company is currently involved in a lender liability dispute please contact us at LLO@RealLawKY.com or call (502) 589-5855.