Late last month, the U.S. Court of Appeals for the Eleventh Circuit held in Regions Bank v. Legal Outsource PA, No. 17-11736, 2019 WL 4051703 (11th Cir. Aug 28, 2019), that a loan guarantor does not qualify as an “applicant”...more
9/20/2019
/ Appeals ,
Article III ,
Breach of Contract ,
Consumer Financial Products ,
Default ,
Discrimination ,
ECOA ,
Foreclosure ,
Guarantors ,
Line of Credit ,
Loans ,
Mortgages ,
Promissory Notes ,
Standing
Here is a situation that comes up quite a bit in the world of business contracts containing indemnification provisions, and in the insurance industry as well. First, a party (“Party A”) gets sued, or threatened with a suit,...more