What law was broken? And liable for harm to whom?
That is the problem here STL.
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He already answered. The law is Executive Law § 63(12) of the State of New York.
Perhaps if you read the opinion you'll get a better idea of the facts:
https://d3i6fh83elv35t.cloudfront.ne...t-20240216.pdf
I'm curious. In this sort of deal, why wouldn't the lending institution do their own appraisal? They would be stupid and probably irresponsible and perhaps negligent to depend on the owners somewhat subjective appraisal. There are probably not a lot of 'comperables' in this particular situation. Sure, I would like to think my property is worth a lot more if I were selling or borrowing. Why in the hell would they take my word for it and not do their due diligence? What am I missing? I'm sure there are many on here that would be more than happy to tell me.
The banks had no problem with Trump’s loan. They were paid back in full and I believe on time. This whole thing is a political attack. Nothing more.
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