At times, lenders lose the promissory notes on defaulted loans. Lost notes are problematic because, in order to have standing to foreclose, a lender may be required in many states, including in New York, to possess the...more
6/28/2016
/ Banking Sector ,
Commercial Loans ,
Default ,
ECOA ,
Foreclosure ,
Guarantors ,
Hawkins v Community Bank of Raymore ,
Loans ,
Promissory Notes ,
Regulation B ,
SCOTUS ,
Spousal Guaranty ,
Standing ,
Uniform Commercial Code (UCC)
In This Issue:
- Missouri Foreclosures: A Changing Landscape?
- Missouri Law on Non-Judicial Foreclosure: A Primer Measuring Deficiencies Under Missouri Law
- Fischer & Frichtel
- Sunrise Farms
-...more
Originally published in Bank News, November 2012.
The most critical component of the relationship between the lead bank and its participants, and the source of most disagreements, is communication. A prudent lead bank...more