Early on, court cases involving a breach of loan
agreements only affected the borrower. Lenders would have no problem taking a
borrower to court over a violation to their loan agreement. Since the mid-80s,
lender liability cases have been an acceptable way for borrowers to turn the
tables on lenders and sue for violation of contract or fraud claims. Now both
sides need just as much protection to make sure neither side violates loan
agreements.
More often than not, all parties involved would like to
handle these feuds out of court. However, if for any reason you need to go to
court in a lender liability case, it’s important to be prepared to defend yourself.
A financial expert witness can be a great asset in lender liability cases.
Someone who has plenty of years of experience with all aspects of banking and
who has dealt with lender liability cases before is likely a great candidate as
a financial expert witness. Make sure to check an expert witness’s credentials
before bringing them on board to provide litigation support.
If you need a financial
expert witness for your lender liability case, Michael F. Richards has over
34 years of banking experience in all aspects of banking and would be a great
asset to your case. Visit MRichardsConsulting.com to contact Michael F.
Richards today about litigation support for your lender liability case.
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