By Marcus Colabianchi, Elinor Murarova and Allison Midei ( March 21, 2023, 4:48 PM EDT) -- In the recent case of Honchariw v. FJM Private Mortgage Fund LLC, the Court of Appeal of the State of California, First Appellate District, held that default interest is unlawful when a lender assesses it against the full outstanding principal balance on a partially matured loan, and where there is no evidence that the amount was a reasonable estimate of the lender's anticipated damages when the parties executed their loan agreement....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.