Recent Articles

Be Careful of Promising Too Much When Closing a Loan

It’s always a good idea for loan officers, and other bank employees involved in the loan origination process, to make sure that their representations to potential borrowers do not contradict the conditions of the loan commitment or term sheet, or the language of the bank’s loan documents. In a recent case decided by the Cuyahoga […]

SURETYSHIP DEFENSES IN OHIO

Defenses Asserted by Co-Signers and Guarantors

Guarantors and co-signers in Ohio have certain defenses available to them when faced with enforcement actions by lenders