Topic: as a general rule, a financial institution owes no duty of … · Go Syfert
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Topic #17743

4 canonical passages across 2 cases, quoted by 23 opinions in total. These passages cluster together because the same opinions keep quoting them side by side — they state parts of one doctrine. The anchor passage is from Wagner v. Benson.

#Case FlagCanonical passage Citers
1 Wagner v. Benson Anchor
calctapp · 1980
green “as a general rule, a financial institution owes no duty of care to a borrower when the institution's involvement in the loan transaction does not exceed the scope of its conventional role as a mere lender of money.” 6
2 Wagner v. Benson
calctapp · 1980
green “is not a benefit of the loan agreement which the bank is under a duty to protect.” 6
3 Wagner v. Benson
calctapp · 1980
green “public policy does not impose upon the bank absolute liability for the hardships which may befall the borrower it finances.” 6
4 Renteria v. United States
azd · 2006
green “had to rely on their own judgment and risk assessment to determine whether or not to accept the loan” 5

A red or yellow flag on a member means the underlying case has negative treatment — for those, check the case page before relying on the passage.

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