Lagrisola v. North American Financial Corp. (2023) 314 Cal.Rptr.3d 941
Plaintiffs obtained a loan from defendant while it was an illegally unlicensed lender in California. This decision holds that plaintiffs lack standing to sue defendant for violating the UCL in making the loan while unlicensed since plaintiffs suffered no loss of money or property due to the defendant's unlicensed status. They received the exact loan terms for which they had… Read More