Business Litigation
Fifth Circuit Issues Warning for Lenders Seeking to Accelerate Loans in Default
- April 4, 2016
- By Allen & Gooch
Recent case assesses when the statute of limitations/prescriptive period begins to run. There is an important warning for creditors hidden in dicta of the Fifth Circuit Court of Appeals’ recent ruling, Martin v. Federal National Mortgage Association, No. 15-41104 (5th Cir. Feb. 22, 2016) – accepting payment after accelerating a debt could waive the acceleration […]
