Beware, lenders and loan servicers are at risk for lender liability claims brought by borrowers.
Despite recent improvements in the nationwide economy, credit markets are still tight and loan defaults remain high. As a result, both lenders and loan servicers are at risk for lender liability claims brought by borrowers, guarantors, and even third parties. For years, these claims were used mainly as stall tactics during foreclosure and bankruptcy proceedings, but now they are increasingly used as leverage during workout negotiations. As the market improves and borrowers have more potential equity to protect, they are becoming even more aggressive in using these claims. Third parties have also become more creative in pursuing claims against lenders related to borrower misconduct.
Date: 2017-12-14 at 1:00 PM ET – 2:30 PM ET
* You will be able to define contractual liability.
* You will be able to describe problem areas during the life of a loan.
* You will be able to review dealing with guarantors.
* You will be able to discuss the resurgence of civil RICO claims.
Credits: CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.