Practice Areas
Business
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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Finance and securities
- Lending
Code of Banking Practice
Business loans are unregulated except to the extent that the lender is a bank and the Banking Code applies. The Banking Code is voluntary. However, once a bank agrees to be bound by the Banking Code, the Banking Code's provisions become contractually enforceable. The Banking Code applies where the borrowers are individuals or small businesses. It imposes various duties, including the duty of disclosure and the duty of confidentiality.
See Code of Banking Practice.
