Alta Title Endorsements Requested By Lenders In Relation To Alta Loan Policy of Title Insurance
July 6, 2023by Lisa D. Simantob, Esq.
Lenders request endorsements to provide insurance against matters excluded or excepted from coverage.
A Lender’s Guaranty from the Settlor/Trustee of a Trust on a Purchase Money Loan to the Trust was held Unenforceable as a Sham Guaranty
May 9, 2023by Lisa D. Simantob, Esq.
The Court held that a lender’s guaranty from the settlor/trustee of the Trust on a purchase money loan to the trust was unenforceable as a sham guaranty.
Lenders May Rely on Certifications of Trust Furnished by Trustee(s)- California Probate Code Section 18100.5
May 2, 2023by Lisa D. Simantob, Esq.
The trustee of a trust may present a certification of trust to a lender in lieu of providing a copy of the trust instrument to establish the existence or terms of the trust.
The legality and enforceability of covenants not to compete vary between contexts and states. We explain how covenants not to compete operate in California.
A forbearance agreement is an agreement that gives the borrower a specified period of time before the lender commences or exercises any of its remedies against the borrower.
A loan modification agreement can modify any aspect of an original loan, including a change in the interest rate, extension of the maturity date or amount of debt.
Forming a California limited liability company and setting up an LLC bank account. Simantob Law Group explains what’s involved in setting up an LLC bank account.
All borrowers should review their loan documents to determine if their loan is LIBOR-based.
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