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Lender liability related to credit inquiries

Authors :
Tenebaum, J. Samuel
Treger, Tracy L.
Source :
Commercial Lending Review. Summer, 1996, Vol. 11 Issue 3, p48, 21 p.
Publication Year :
1996

Abstract

Banks responding to inquiries about the credit status of their customers expose themselves to liabilities for deliberately misleading an inquirer, unintentionally disclosing incorrect information or providing information against the customer's wishes. Such liabilities can be prevented by reviewing state statutes and case laws, asking for the reasons behind inquiries and disavowing responsibility for responses given to inquirers.

Details

ISSN :
08868204
Volume :
11
Issue :
3
Database :
Gale General OneFile
Journal :
Commercial Lending Review
Publication Type :
Periodical
Accession number :
edsgcl.18614674