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)
On March 22, 2016, the U.S. Supreme Court issued its first 4-4 decision following the death of Justice Antonin Scalia, thereby affirming the 8th Circuit in Hawkins v. Community Bank of Raymore. The Court’s per curiam opinion...more