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Lender Liability Overview
Back to "Issues with
Home Repair Lending
Lender liability is made up of a body of common and statutory law covering a broad spectrum of claims. Claims may arise under the following areas:
1. Breach of Contract
Breach of commitment to fund or renew loans
Oral commitments
Good faith and fair dealing
2. Duress
3. Bad faith
4. Breach of fiduciary duty
5. Fraud and misrepresentation
6. Negligent loan processing and administration
7. Interference
Interference with contractual affairs
Interference with corporate governance
8. Equitable subordination in a bankruptcy case
9. Fraudulent transfers
10. Preferential tranfers
11. Fair Labor Standards Act
12. Equal Credit Opportunity Act
13. Antitrust laws
14. Anti-tying
15. Environmental Laws
Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA")
Resource Conservation and Recovery Act
Undergroud storage tanks
Trustee and fiduciary liability
State super-lien laws
16. RICO
17. Withholding taxes
18. Securities laws
19. Bank Secrecy Act
20. Director and Officer liability to state and federal regulators