Construction
Jul. 1, 1999
Fee Simple
By Karl E. Geier On May 18, the 1st District Court of Appeal refused to follow the 4th District's decade-old decision in Familian Corp. v. Imperial Bank , 213 Cal.App.3d 681 (1989), which held that a construction lender may be required to disgorge proceeds of a construction loan previously applied to pay accrued interest and loan fees in order to satisfy a stop-notice demand.
By Karl E. Geier
On May 18, the 1st District Court of Appeal refused to follow the 4th District's decade-old decision in Familian Corp. v. Imperial Bank, 213 Cal.App.3d 681 (1989), which held that a construction lender may be required to disgorge proceeds of a construction loan previously applied to pay accrued intere...
On May 18, the 1st District Court of Appeal refused to follow the 4th District's decade-old decision in Familian Corp. v. Imperial Bank, 213 Cal.App.3d 681 (1989), which held that a construction lender may be required to disgorge proceeds of a construction loan previously applied to pay accrued intere...
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