Default Interest Based on Single Late Payment Declared Unenforceable
This post was primarily authored by Patton Sullivan Brodehl attorney Zachary Young. It is not uncommon for loan agreements to provide for fees, penalties, and default…
Money and Dirt: Reviewing 2017
Here is a look back at some of the top real estate and secured lending developments from 2017 covered here at Money and Dirt: The 2016…
Bankruptcy Is Not A Borrower Antidote For Loan “Default Interest”
Defaulting on a loan typically triggers a higher interest rate — “default interest” — as one of many consequences for the borrower. (Other consequences include acceleration…