- lender liability
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A body of law which includes liability for breach of contract and other wrongs where banks and other lenders may be made to pay damages to customers.A bank that terminates a long standing credit relationship without warning, where no default exists, may be held liable for damages. (Bernstein's Dictionary of Bankruptcy Terminology)
United Glossary of Bankruptcy Terms 2012.
- lender liability
-
A body of law which includes liability for breach of contract and other wrongs where banks and other lenders may be made to pay damages to customers.
A bank that terminates a long standing credit relationship without warning, where no default exists, may be held liable for damages.
US Bankruptcy 2012.
Glossary of Bankruptcy.