Commercial Lending: When Can the Bank Accelerate the Balance Due?

Posted By Cliff Tuttle | April 28, 2009

Posted by Cliff Tuttle

A commercial loan borrower from Pittsburgh emailed AVVO Answers stating that he/she is 2 months delinquent and has received a notice stating that the loan must be paid in full within 30 days. Can they do this?

Commercial loans are governed by the terms of the loan documents. It is common for the lender to be empowered to accelerate the loan balance upon a very short delinquency. But the lender must comply to the letter with the terms in the documents. Read my AVVO Answer.

CLT

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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