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Couple sues bank over loan on family farm
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Court Report
Monday, December 4, 2017
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After taking over farming responsibilities on their family farm, a Kansas couple went to their bank seeking advice in arranging necessary financing and the business of running a farm. When they had a hard time keeping up with payments on their line of credit, the bank advised them to consolidate their outstanding debts. They arranged for a mortgage on a portion of the property, but later found out that the mortgage was over their entire interest in the property. They filed suit against the bank and its president for, among other things, breach of fiduciary duty and slander of title. Read on for more details.
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