LENDER LIABILITY Research Proposal Example | Topics and Well Written Essays - 1750 words

LENDER LIABILITY - Research Proposal Example Thus, it is vital to understand briefly regarding the concept of lender liability. Based on this aspect, the objective of the assignment is to summarize the works of various authors on the area of lender liability. About ten credible sources have been used in order to evaluate the quality of information and relevance on the research subject i.e. lender liability. The author used various secondary sources in order to evaluate lender liability under Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). Throughout the research, the author found that possible liability for lenders under CERCLA has lurked in every commercial loan transactions. Schott (1992) also found that due to reluctance of lenders towards foreclosure on mortgages deeds, the very purpose of CERCLA has been disenchanted. Schott (1992) has provided significant information on CERCLA, an Act, which enacted by Congress in order to regulate hazardous waste issues that stemmed from inappropriate, inattentive and irresponsible waste disposal activities. It is worth mentioning that Schott (1992) described various legal cases in order to assess the liability of lender of any property. The author observed that CERCLA has generated uncertainty for lenders with respect to their liability on waste reduction. Hence, the author pointed out the amendment of CERCLA as a way to improve law in the context of lender liability (Schott, 1992). The authors have evaluated Servicemembers Civil Relief Act (SCRA) for addressing the problem of loan services of the students. The article portrayed that the mortgage lenders are not complying with the process of SCRA while providing loans. Jensen & Leonhardt (2013) recognized the threat of increased loan debt, which highlighted the importance of lenders liability while providing loans to the students. Various secondary sources have been utilized in the article in order to address the challenges of mortgage loans and most