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Lender liability related to credit inquiries
- 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