David Tatge was quoted in The Alternative Lending Report, in “Protecting the Factor in Factoring Agreements,” by Josh Simpson.
Following is an excerpt (see below to download the full article in PDF format):
What does underwriting have to do with collecting on judgments? As David Tatge, a Washington, D.C., attorney with Epstein Becker & Green, points out, “all persons in business with others should, ideally, do due diligence regarding the financial capacity of the persons with whom they intend to contract, before they contract, to assure that if there is a breach that any damages can be collected.”
Due diligence in underwriting is the first line of defense against default because it helps ensure that the companies you do business with, and that the invoices you purchase, are sound.
Read the article: