Lender Liability
At Roberts Law LLC we hold lenders liable for their actions; we will fight dishonest lenders for the compensation you deserve.
Lender Liability is the legal obligation of a financial institution to make available funds that have been promised to a loan applicant and, once funds have been made obtainable, to abide by the terms of a loan agreement. Failure to complete these actions makes the creditor liable and provide the borrower with an opportunity to take legal action as a remedy.
Lender Liability law states that lenders must treat all borrowers fairly and equally, and when they do not, they can be subject to borrower litigation under a variety of legal claims. Over the years, lender liability has resulted in most cases involving either a breach of contract and/or fraudulent claims.
In the case that the written loan agreement or deposit agreement provides otherwise, a financial institution may still be held liable for damages if the customer has come to rely on the institution's established course of business.
Example: Real estate values were falling, and Bank Two foreclosed on property that was behind in payments. Although Bank Two became the owner and the property is contaminated, the bank may not be liable for cleanup.
If you are concerned about someone you know who has lost a home because of dishonest lending practices, please contact Roberts Law LLC by phone at 404-794-7000 or by email.
