Article Date: 10/03/11

LENDER HAD NO OBLIGATION TO INFORM CONTRACTOR OF OWNER DEFAULT

Court of Appeals of Washington, Division Two

Washington Construction, Inc. v. Sterling Savings Bank

No. 40029-4-II
September 13, 2011

Overview

A Washington court has ruled that a construction lender had no obligation to inform a contractor that the project owner was in default of the loan agreement and disbursements under the loan had ceased.

Background

David Alan Milne owned three real estate development companies, ... Log in to view the full text.

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