Tuesday, February 26, 2013

Tenth Circuit -- Stewart Title v. Dude

Where loan application requires disclosure of prior loans, and applicant does not disclose a prior loan, a separate area of the form excepting certain loans doesn't bar justifiable reliance by the lender on applicant's omission in the first area.  Nor does faulty recordation.

Stewart Title v. Dude
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.