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Reg. B Is No Guaranty: Missouri Courts’ Openly Divergent Views On The Enforceability Of Coerced Spousal Guaranties In Commercial Lending, Alexander Hurst

Missouri Law Review

This Summary examines how this inconsistency of law came to be, the public policy arguments for and against protecting spouses from being required to sign guaranties, and the potential actions which could be taken to resolve the issue. First, this Summary will examine the legal background of the ECOA and Reg. B as well as the paradigm that developed under the assumption that Reg. B was valid law. The Summary will then turn to the recent diverging cases dealing with the regulation’s validity in chronological order, starting with the federal cases that called the law’s validity into question, then moving …