Journal of Commercial Lending

Articles from Vol. 74, No. 12, August

Issues in Lending ... Environmental Indemnities for Lenders
After an investigation initiated by the Environmental Protection Agency (EPA) revealed in the early 1980s that hazardous substances had been disposed of improperly at a plant owned by Purolator Products, Purolator asked Allied-Signal, the former owner...
Reflections on Lender Liability: Remembering Who Owes Whom
So much has been written and said on the subject of lender liability that shocking new revelations and brilliant insights are rare, and certainly you will learn none from me. I would, however, like to share my impressions of what should and should...
Shifting into the Problem Loan Perspective
Problem loans are different from regular loans. The logic of that simple statement is obvious to lenders, particularly when they are thinking in terms of credit risk, pricing, and so forth. However, problem loans are also different in other, more subtle,...
Standardizing the Credit Committee Write-Up
Whether for the purpose of approval or for after-the-fact review, most banks have credit committees. Whatever its purpose, the credit committee serves as a forum for the bank's senior lenders to interpret lending policy, educate their junior lenders,...
The Regulators Are Coming, the Regulators Are Coming!
There are many myths regarding visits to a bank by the regulators. A common image is a group of men in black suits arriving at a bank unannounced. They are ominous looking, carrying calculators and wearing green eye shades. Meanwhile, all the bank...