Saturday, July 04, 2009

Lender Liability

This study pack contains the following articles:

WHOA! Bank Sued for Not Exercising "Ordinary Care" In Account Opening, Weissman, Michael L., The RMA Journal, v90n10, 27, 1 page, July/Aug. 2008.

Is a Typewritten Signature Adequate to Effect the Assignment of a Loan?, Weissman, Michael L., The RMA Journal, v90n9, 74, 1 page, June 2008.

Notify Insurer of Foreclosure— or This Could Happen to You, Weissmann, Michael, The RMA Journal, v90n8, 90–90, 1 page, May 2008.

WHOA! Do Jury Waiver Clauses Hold Up Court?, Weissman, Michael, The RMA Journal, v90n7, 74–75, 2 pages, Apr. 2008.

WHOA! UCC Provisions Take Precedence over State Motor Vehicle Title Law, Weissman, Michael L., The RMA Journal, v90n5, 83, 1 page, Feb. 2008.

WHOA! Secured Creditor Not Liable for Allegedly Aiding and Abetting a Fraud, Weissman, Michael L.,, The RMA Journal, v90n4, 78–79, 2 pages, Dec. 2007/Jan. 2008.

Tales of WHOA! Earmarking Defense to Preference Action Rejected, Weissman, Michael L., The RMA Journal, v90n3, 74, 1 page, Nov. 2007.

WHOA! Bank Consulting Firm Loses Claim for Compensation, Weissman, Michael L., The RMA Journal, v90n1, 80, 1 page, Sept. 2007.

Court Upholds Dragnet Clause, Weissman, Michael L., The RMA Journal, v89n10, 89, 1 page, July/Aug. 2007.

Tales of WHOA! Tripped Up the Footnotes: No Damages Awarded after Accounting Firm Mischaracterizes Audit Items, Weissman, Michael L., The RMA Journal, v89n7, 89, 1 page, Apr. 2007.

Tales of WHOA! A Last-Out Loan Participation May Be Construed as a Guaranty: This Is Subject to Revocation, Weissman, Michael, The RMA Journal, v89n6, 34, 1 page,, Mar. 2007.

A Lender's Oral Assurances Result in a Huge Damage Award, Weissman, Michael L., The RMA Journal, v89n5, 96, 1 page, Feb. 2007.

Tales of Whoa! Bank and Bank Holding Company Not Liable for Damages for Loan Officer's Fraud, Weissman, Michael L., The RMA Journal, v89n2, 90, 1 page, Oct. 2006.

Double WHOA! Violation of Banking Industry Standard of Confidentiality Creates Liability; In a Case "Ripped from the Headlines," an Error in Punctuating Debtor's Name Causes Loss of Priority, Weissman, Michael, The RMA Journal, v89n1, 44–45, 2 pages, Sept. 2006.

Tales of WHOA! Mortgage Guaranty on Shakier Ground, Thanks to a State Supreme Court Decision, Wiessman, Michael L.,, The RMA Journal, v88n11, 83, 1 Page July/Aug. 2006.

Tales of WHOA! Purchase Money Secured Creditor Must Identify the Proceeds from the Sale of Its Products in Order to Enforce Its Security Interest, Weissman, Michael L.,, The RMA Journal, v88n8, 14, 1 page, Apr. 2006.

Tales of WHOA!: Does Lender's Earlier Cash Advance Protect a Security Interest from Attack as a Fraudulent Conveyance?, Weissman, Michael L.,, The RMA Journal, v88n7, 81, 1 page, Mar. 2006.

Tales of WHOA! Company Sues Lender over Early Termination Fee, Weissman, Michael L., The RMA Journal, v88n6, 41, 1 page, Feb. 2006.

Tales of WHOA! Floor Plan Financing Does Not Create a Fiduciary Relationship Unless There Are Special Circumstance, Weissman, Michael L., The RMA Journal, v88n2, 19, 1 page, Oct. 2005.

Tales of WHOA! On the Docket: Secured Party Not Liable for Failure to Sell Pledged Stock Before It Declined In Value., Weissman, Michael L., The RMA Journal, v88n1, 42, 1 page, Sept. 2005.

Tales of WHOA!: On the Docket: Finance Lease Deemed Valid Despite Misrepresentations of Vendor Purporting to Act as Agent of Lessor., Weissman, Michael L., The RMA Journal, v87n8, 17, 1 page, May 2005.

Tales of WHOA!: On the Docket: Status of UCC Priorities Established Under Old Article 9., Weissman, Michael L., The RMA Journal, v87n7, 35, 1 page, Apr. 2005.

Tales of WHOA! – On the Docket: Failure to Include Borrowing Base In Promissory Note Negates Bank's Declaration of Default., Weissman, Michael L., The RMA Journal, v87n5, 77, 1 page, Feb. 2005.

Dragnet Clause Interpreted In a Manner Consistent with Revised Article 9, Weissman, Michael L., The RMA Journal, v87n3, 34, 1 page, Nov. 2004.

Tales of WHOA! Court Rules that Correct Legal Name is Required On a Financing Statement, Weisssman, Michael L., The RMA Journal, v87n1, 68, 1 page, Sept. 2004.

Tales of WHOA! Can a Lender be Sued for Damages for Aiding and Abetting a Fraudulent Transfer?, Weissman, Michael L., The RMA Journal, v86n8, 106, 1 page, May 2004.

Tales of WHOA! Third-Party Check Tendered Mortgagee for Less Amount due and at other-than-designated place does not constitute payment., Weissman, Michael L., The RMA Journal, v86n7, 77, 1 page, Apr. 2004.

Tales of WHOA! Rejected! Secured Creditor's Purported Security Interest in Prepetition Trust Created Debtor to Fund Otherwise Unfunded Employee Benefits, Weissman, Michael L., The RMA Journal, v86n4, 56, 1 page, Dec. 2003.

Tales of WHOA! Lender Can't Pierce the Corporate Veil to Reach the Assets of the Holding Company of Its Borrower, Weissman, Michael L., The RMA Journal, v86n1, 63, 1 page, Sept. 2003.

Tales of WHOA! Legal Caveats in Commercial Lending – A bank's security interest is trumped the seller's right of stoppage in transit., Weissman, Michael L., The RMA Journal, v85n7, 57, 1 page, Apr. 2003.

Tales of WHOA! General Language in a Power of Attorney Does Not Include Authority to Execute Guarantee, Weissman, Michael L., The RMA Journal, v85n5, 25, 1 page, Feb. 2003.

Tales of WHOA! Guarantor Cannot Waive Commercial Reasonableness of a UCC Sale, Wissman, Michael L., The RMA Journal, v84n7, 43, 1 page, Apr. 2002.

Issues in Lending: Tips for Managing Commercial Banking Litigation, Clarke, Richard A. The RMA Journal, v84n6, 46–47, 2 pages, Mar. 2002.

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