• Lender Liability: Avoid It Like The Plague!
  • April 13, 2017 | Authors: Matthew S. Bergman; Michael J. Lichtenstein
  • Law Firm: Shulman, Rogers, Gandal, Pordy & Ecker, P.A. - Washington Office
  • The lender-borrower relationship is that of an arm’s length transaction. The lender provides loans, the loan documents are prepared and signed, and the borrower is subject to the terms and conditions of the loan documents. The lender provides no advice to the borrower, no consulting, and no participation in the management of the borrower. Lending officers have no fiduciary obligation to the borrower.