Contributing Author
Can accepting a partial payment after maturity extend a loan?
Lenders should use anti-waiver language and reservation-of-rights letters to avoid unintentionally modifying matured balloon loans
Cathy K. Robinson, Esq., is a partner at Wright, Finlay & Zak, representing financial institutions, lenders, servicers, investors and business owners in commercial, banking, finance and real estate litigation. Licensed in California and South Dakota, she handles secured transactions, collateral enforcement, receiverships, foreclosure-related disputes, construction litigation and consumer finance matters. A trial and appellate lawyer, she regularly advises clients on litigation strategy, regulatory issues and business operations. She can be reached at crobinson@wrightlegal.net.
Lenders should use anti-waiver language and reservation-of-rights letters to avoid unintentionally modifying matured balloon loans
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