< On December 19, 2014, Ohio Governor John R. Kasich signed into law Substitute House Bill 9 (the “Act”), with an effective date of March 23, 2015, which amends Ohio’s receivership statute to permit a court-appointed receiver, under certain conditions, to sell receivership property free and clear of liens. The Act also includes notice and […]
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 […]