Court Of Appeal Reaffirms Lender’s Refusal To Loan To LLC Based On Felonious Investor In Manager

In May, I wrote this post about a decision by the Second District Court of Appeal finding that a lender did not violate California’s Unruh Civil Rights Act when it declined to make a loan to a limited liability company whose managing member included a convicted felon. The Court of Appeal on its own motion granted a rehearing and issued this opinion last week.

The Court’s views did not change, again concluding that...

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