Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Contractor Can Sue Bank Directly When Borrower (access required)

Contractor Can Sue Bank Directly When Borrower (access required)

A general contractor who built a restaurant but never got fully paid by the owner can sue the bank that financed the project, the North Carolina Supreme Court ruled Jan. 10. The contractor may assert an equitable lien against the balance of construction funds held by the lender, the court said. Lawyers say the ruling opens a ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*