Lender Liability Revisited – By A. Barry Cappello
Much has been written about lenders desperately trying to shore up their books and become financially viable again. Unfortunately, this process is taking place at the expense of borrowers, especially builders and developers. During the last banking crisis in the late 1980s and early 1990s, lenders were accused of using heavy-handed tactics against borrowers they no longer wanted to lend money to. Builders, developers, farmers and small businesses were popular targets.