No Tort Duty of Care When Reviewing Loan Modification Applications

San Francisco Office Managing Partner Regina McClendon and Associate Lindsey Kress authored an article for the Daily Journal examining a recent California appeals court ruling which determined a lender does not owe a tort duty of care in reviewing a borrower’s loan modification application‎. The article discusses the outcome in Sheen v. Wells Fargo Bank, N.A.‎, and compares the latest decision to earlier cases in California, in which courts throughout the state were split on the issue.

To read the article on the Daily Journal, click here (subscription required). To read the Locke Lord QuickStudy McClendon and Kress authored on the same subject, click here.