Insights

Appellate Division Supports the Use of Arbitration Provisions in Form Contracts

The Appellate Division recently held that arbitration clauses contained in secured loan agreements were enforceable even though...

Prepayment Premiums: Removing Doubt About Their Enforceability

Commercial loan documents routinely state that, if a borrower defaults, the lender may accelerate the loan's maturity...

NJ Supreme Court Decision Imposes Further Burdens on Lenders in Troubled Loan Situations

In SASCO 1997 NI, LLC v. Zudkewich (A-94-99), a recent decision by the New Jersey Supreme Court, it...

NJ Supreme Court Removes Doubt on Late Charges and Default Interest Rates

In a June 30, 1999 decision which was eagerly anticipated by lenders, the New Jersey Supreme Court...