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Can Banks be Liable for Processing or Underwriting a Loan that a Borrower Cannot Afford?

Jimerson Firm

MARCH 10, 2021

Oftentimes, individuals or businesses borrow money from a bank or lender, and unfortunately, are unable to pay the loan payments. In this event, the borrower may try to shift the blame of their inability to pay on the bank or lender, by filing a claim for negligent loan processing or underwriting, and/or breach of fiduciary duty.

Banks 98
Banks Loans Lender Financial services 98
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A District Court may not Enjoin Third-Party Claims Against Insurers without Alternative Compensation Scheme

ABI

JANUARY 12, 2020

Stanford International Bank, Ltd. 1] As a result of a ponzi scheme perpetrated by the Stanford International Bank and related entities (the “Stanford Entities”), more than 18,000 investors lost a total of over $5 billion. [2] 5]. Stanford International Bank, Ltd. 5]. Stanford International Bank, Ltd.

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Banks Bankruptcy Debtor Judgment 40
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