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During the COVID-19 crisis, an unprecedented number of borrowers requested loan payment deferrals from their lenders. But even without a national crisis, sometimes borrowers hit hard times and need help for a short period to manage loan payments. Lenders will need to evaluate a particular borrower’s facts and decide whether to proceed with a loan …

Forbearance Agreements 101 – What To Do When Your Borrower Can’t Pay Read More »

In the simplest terms, a fiduciary duty is a legal responsibility to act in another party’s best interests. From a practical perspective, determining what types of action constitute a violation of an existing fiduciary duty can be challenging. While certain instances in which a breach of fiduciary duty is clear and obvious, there are also …

Exploring Fiduciary Duties Read More »