Legal News for Credit Union Managers Since 1990

Archive for August, 2017

16
Aug
2017

Nondischargeable Debt: Fraudulent Loan Application

Fraudulent loan application results in Nondischargeable debt. In this case, two debtors applied for and closed on a mortgage with American General Finance, Inc. (hereinafter “American General”). The debtors represented to American General that they only had one mortgage on their residence. American General intended to grant the debtors a loan secured by a second […]

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