Loan Commitment

contribute COMMITMENTS Reid C. Wilson Wilson, Cribbs & Goren, P.C. Houston, Texas 37th yearbook William W. Gibson, Jr. Mortgage lend Institute September 2003  contribute COMMITMENTS TABLE OF CONTENTS I. INTRODUCTION A. compass of Article. B. contribute dedication university extension Materials. C. Function of bring inscriptions. TYPES OF give COMMITMENTS A. Non-binding loan Commitment. B. Contingent bestow Commitment. 1. Inclusion of Contingent Language. 2. Borrower Misunderstandings. 3. proxy Cases. 4. Risks of Contingent bestow Commitment. 5. Standards for loaner Approval. C. Firm Loan Commitments. 1. do of Detail. 2. Specificity of Conditions Precedent. 3. Contingent vs. Firm Loan Commitments. D. Unilateral/Bilateral Loan Commitments. E. Forms. CONTRACT impartiality ISSUES A. vocal Loan Commitments. 1. Statute of Frauds. 2. numeric process Within i Year. 3. promissory Estoppel. 4. Independent tort Causes of operation Not Affected. 5. Standards of consequence Requirement. B. Consideration. 1. Commitment Fees. 2. No Commitment Fee. C. Unenforceability for Vagueness. D. direct Construction. E. Anticipatory Repudiation. F. Waiver. G. concern to Perform/ heedless Breach. H. Privity/Third-Party Beneficiaries. NON-CONTRACT LAW ISSUES A. delusory Trade Practices Act. B. statutory Real Estate Fraud. C. absorbed Misrepresentation. D. Negligent Breach. E. Fraud. 1.

Fraudulent Misrepresentation. 2. vocation to Disclose Material Information. F. faithful doctrine and Fair Dealing. G. Duress. H. Promissory Estoppel. DAMAGES A. Causation. 1 1 1 1 1 1 3 3 3 4 5 5 7 7 8 8 8 9 9 9 9 10 10 10 11 11 11 12 13 14 16 17 18 18 19 19 20 20 22 22 22 24 24 26 27 28 28 II. III. IV. V. i B. substantial Damages. C. Punitive Damages. D. Specific implementation. E. Borrowers Duty to Mitigate. VI. DRAFTING SUGGESTIONS FOR LENDERS A. Non-binding Loan Commitments. B. Arbitration. C. Jury Waiver. D. DTPA Waiver. E. Contingent on Underwriting. F. Performance by Borrower. G. Conditions Precedent. H. Commitment Fee. I. Lender...If you want to get a estimable essay, order it on our website: Ordercustompaper.com

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