Lender Could Not Seek Immediate Deferred Payments, California Panel Holds

Mealey's (May 2, 2019, 12:36 PM EDT) -- SAN FRANCISCO — After holding that a lender could not condition the reinstatement of a loan on the immediate payment of deferred amounts pursuant to a loan modification, a California panel on April 30 reversed a trial court’s dismissal of claims for violations of California law asserted by borrowers (Charles Taniguchi, et al. v. Restoration Homes, LLC, No. A152827, Calif. App., 1st Dist., Div. 2, 2019 Cal. App. LEXIS 396)....

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