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Unfair or Deceptive Trade Practices Set Off

Lessons for Lenders in Avoiding Liability When Exercising Setoff Rights

by Poyner Spruill LLP on

Last year the Superior Court of Forsyth County, North Carolina awarded approximately $2.1 million in damages against a large lender for its decision to offset debt against a deposit account of a guarantor. The trial court...more

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