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Trial court rejects guarantor’s attempt to utilize a claim of negligent loan administration as an affirmative defense
Apr. 13, 2015 – William B. Serangeli, Iowa Banking Law Blog
The Court concluded that in the absence of expert testimony or published banking standards, a claim for negligent loan administration, if permitted, could not rest on the Bank’s internal policies alone.
Iowa Supreme Court rejects the Iowa Department of Human Services claim to a super priority lien that would disregard a bank’s perfected security interest
Apr. 10, 2015 – William B. Serangeli, Iowa Banking Law Blog
Recognizing the importance of the issue before it, the Iowa Supreme Court placed the banks’ appeals on an expedited track.