Commercial Lending Disputes
Los Angeles Banking Law Attorney Protecting Borrowers' Rights
Oftentimes, it is a commercial loan that allows a business owner to open
shop, purchase much-needed equipment, or expand his or her business. Commercial
loans are extended to smaller businesses, large corporations, commercial
property owners, real estate developers and others. Lenders are required
to comply with certain state and federal regulations, which are meant
to ensure that these financial institutions are dealing fairly and honestly
with borrowers. This, however, has not stopped some lenders from violating
these rules and engaging in deceptive lending practices, which is commonly
referred to as "predatory lending."
There are a number of things that can lead to disputes between commercial
lenders and their borrowers, including unfair lending practices, errors
associated with the loan paperwork, failure to carry out terms of the
loan agreement, etc. Our Los Angeles banking law lawyers at The Mirkhan
Law Firm represent commercial borrowers in these types of disputes. We
can help borrowers analyze their loan terms and determine the best approach
for resolving disputes with their lenders, whether that involves negotiating
with the lender or filing a civil lawsuits against that institution. We
can also help clients defend themselves when they are sued by their lenders.
Types of Commercial Lending Disputes
These are just a few of the many different types of commercial lending disputes:
Allegations that the lender carried out
discrimination against the borrower or prospective borrower (violations of the
Equal Credit Opportunity Act)
Disputes concerning whether or not the lender has a right to carry out a
foreclosure on a commercial property that was purchased with a commercial mortgage loan
- Asset-based lending disputes
breaches of the loan contract
Disputes over the basic
facts concerning the loan debt, such as the loan amount, the payment history, or interest fees
predatory lending: failure to provide adequate disclosure, the charging of hidden or unearned
fees, the use of inflated interest rates, the use of risk-based pricing, etc.
Are you involved in a commercial lending dispute? If so, you should immediately
consult with a capable attorney.
Contact our firm so we can provide a quality legal team to help protect your rights as
a commercial borrower!