GoDocs Insights

Where Banks, Credit Unions, and Private Lenders turn for
industry insights.
Results: 5
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Commercial Lending

Managing Multiple Guarantors in Loan Documents

by Tucker Wade A Complex Challenge for Lenders In commercial lending, loan agreements often involve multiple parties, and one of the most critical players in securing a loan is the guarantor. While guarantors are essential in mitigating risk for lenders, managing multiple guarantors with varying levels of responsibility and recourse can present significant challenges when...

March 3, 2025
Commercial Lending
CA Bill 2424

California Lenders: Be Ready for New Foreclosure Laws

by Tucker Wade California Assembly Bill 2424 This past September, California Assembly Bill 2424 was signed into law, introducing important changes to the state’s foreclosure rules. Starting January 1, 2025, the new law will amend and supplement existing foreclosure requirements for mortgage loans, including for loans secured by residential 1-4 unit properties. The goal of...

November 20, 2024
Commercial Lending
In re Moon

In re Moon Update; Forthcoming Changes to California Civil Code § 1916.1

by Tucker Wade On August 28, 2024, following its passage in the California Senate, the legislature sent Senate Bill 1146 (“SB 1146”) to Governor Gavin Newsom for his signature. If signed into law, SB 1146 will amend Civil Code § 1916.1 to clarify the existing exemptions to California’s usury restrictions. Specifically, Civil Code § 1916.1...

September 5, 2024
Commercial Lending
SB 9

Potential Risks for Commercial Lenders in ADU Financing

by Tucker Wade In response to the affordable housing shortage in many states, legislatures across the country have passed laws that allow or require local governments (e.g., counties, cities) to enact rules that support the construction of new residential units on single-family residential lots. These laws (“ADU Laws”) allow for the creation of accessory dwelling...

August 22, 2024
Commercial Lending

Fannie Mae, Freddie Mac to Toughen Rules for Commercial-Property Lenders, Brokers

Tucker Wade Senior Director of Legal and Compliance, GoDocs In a recent Wall Street Journal article, it addressed how Fannie Mae and Freddie Mac are drafting new rules for lenders of commercial property loans and brokers to fight fraud in the commercial real estate industry. The proposed rules would augment the level of due diligence...

August 7, 2024

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