Law 360: Key Insurance Issues in Secured Lending

November 27, 2012

 

Burr & Forman attorneys Jason Beckham and Tyler Stevens authored an article published Nov. 26, 2012 in Law360 titled "Key Insurance Issues in Secured Lending." The piece provides an overview of the major issues that often arise when lenders attempt to adequately protect their interests. The authors write, "In secured lending transactions, a lender must take several steps to protect its interests, and requiring a borrower to properly insure the lender's collateral is one of those steps. In doing so, the lender seeks to preserve the value of the borrower's assets in order to protect the borrower's stream of income, and thus the borrower's ability to repay the loan.

To read more about this topic, subscribers to Law 360 can view the full article here.



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