16, Jun, 2021
Can You Use A Bank Expert WItness?

Can You Use A Bank Expert WItness?

Banking Expert Witness | Expert Institute

A wide variety of disputes and legal problems can arise when dealing with banks. When these issues, which almost always involve money, crop up, the court system can become involved. If that happens, it may be a good idea for either the plaintiff or the prosecution to obtain an expert opinion. If you find yourself in that situation, consider hiring a bank expert witness.

Legal Problems Involving Banks

The laws involving banks are complex and can be confusing, even for some legal experts. These laws are meant to govern disputes that arise in many banking activities and operations.

Some of the issues that can arise include:

  • Lending disputes
  • Contractual disagreements
  • Mortgage fraud
  • Conflict of responsibility
  • Fiduciary breach
  • False statements
  • Predatory lending arrangements
  • Lack of good faith
  • Exaggeration of dollar amounts due, to name a few.

Bank Expert Witness: What They Can Do

In legal banking disputes involving bank employees, clients, and other parties, resolution often requires the informed opinion and knowledge of banking experts not involved in the conflict at hand. This is when a bank expert witness can play an important role.

Bank expert witnesses are helpful in the support of the litigation process as well as providing expert counsel, during discovery, at depositions, and in court sessions. They are almost always current or former bankers themselves.

Assessing which party is at fault or who didn’t act in good faith can be a difficult process. An expert witness in banking affairs can go a long to help unravel any culpability in certain cases.

The testimony of a qualified bank expert witness is often pivotal in the resolution of conflicts that rise up to legal status. In many cases, lawyers may seek advice from banking expert witnesses at the outset, because determining a course of action quickly often makes a big difference in the outcome of court cases.