Disputes over Bank Loans

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What Are Some Common Types of Bank Loans?

Bank loans are loans that are issued from a bank to a private borrower. These can involve a wide range of different loan types, depending on the institution involved. Some larger bank institutions offer a range of loan products for various uses. Some common types of bank loans include:

Depending on the bank, loans can often be presented as a general package that is the same for each client. Or, some banks may enter into specialized contracts and agreements with each individual borrower, to help reflect their needs and interests.

What Are Some Common Types of Bank Loan Disputes?

Disputes over bank loans can take several different forms. These may include:

For instance, non-payment is often an issue when it comes to certain types of mortgage loans. Changed situations can cause a borrower to miss payments, which can then lead to other consequences and disputes.

Are There Any Legal Remedies for Disputes over Bank Loans?

This can depend on the type of dispute in question. In cases where the bank is at fault, remedies may include:

In cases where the borrower is at fault, remedies may include a damages award in favor of the bank, or a lien placed on the borrower’s property. With the lien, the bank can sometimes obtain title to the borrower’s property in lieu of payment for the default.

Should I Hire a Lawyer for Help with a Bank Loan Disputes?

Disputes over bank loans can often involve some very serious legal issues and violations. It may be in your best interests to hire a finance lawyer if you need assistance with issues involving loans, credit, or other issues. Your attorney can help when it comes to obtaining a loan, negotiating terms, or other steps. Also, if you encounter any legal difficulties, your lawyer can help you file a claim and can represent you in court during the legal process.

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Last Modified: 01-31-2017 08:34 PM PST

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