Loan Litigation: 10 Reasons You Lose Money in Court on Loans

Making a good loan is only part of the battle. When a loan defaults, the strength of your institution’s documents, procedures, records, and collection practices can determine whether you recover what you are owed – or spend months litigating a case only to discover that a preventable mistake has weakened your position. From defective loan documents and collateral problems to servicing errors and collection missteps, seemingly minor issues can become major problems once a borrower hires counsel, files bankruptcy, or forces your institution to prove its case in court. During this webinar, we will examine ten recurring mistakes that can cost financial institutions money when a lending relationship ends up in litigation. More importantly, we will focus on what your institution can do before the lawsuit is filed to put itself in the strongest possible position.