Home / Opinion Digests / Lender’s Indemnity Claim Proceeds (access required)

Lender’s Indemnity Claim Proceeds (access required)

In lender’s action to enforce indemnity provisions of its agreement with originator, the Richmond U.S. District Court denies originator’s motion to dismiss: the agreement terms do not require originator awareness of fraud when loan applications are submitted. A 2001 agreement between lender and originator required originator to indemnify lender for losses arising from misrepresentation.  A 2008 ...

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