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
T. Robert Finlay, Esq., is a founding partner of Wright, Finlay & Zak, where he focuses on consumer finance, mortgage-related litigation, compliance and regulatory matters. Since 1994, he has advised servicers, lenders, investors, title companies and trustees on default servicing, mortgage banking litigation and regulatory issues. He also serves as general counsel for the California Mortgage Association and is active in key mortgage banking and lending industry organizations. He can be reached at rfinlay@wrightlegal.net.
Lenders should use anti-waiver language and reservation-of-rights letters to avoid unintentionally modifying matured balloon loans
Your account has been successfully claimed!
You’re now logged in and ready to go.
We found an account with this email.
Please log in or reset your password to continue.
