Legal Question in Credit and Debt Law in California

commercial lending

The truth in lending act only applies to consumers, what recourse does a business have when deceived into unrealistic loan terms?


Asked on 11/20/07, 12:56 pm

1 Answer from Attorneys

Jonas Grant Law Office of Jonas M. Grant, A.P.C.

Re: commercial lending

You said it - an action for deceit, fraud, intentional misrepresentation, or the like. Otherwise, generally, in a business setting, it is presumed the parties can take care of themselves and the additional protections afforded consumer - who are often presumed to be on unequal bargaining footing and less sophisticated - are not applicable. If the loan terms were unrealitic, why did both parties sign?

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Answered on 11/24/07, 9:07 pm


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