This definition appears very rarely
Lender Liability Act. The lender in Wells Fargo got creative with a second theory around the Statute of Frauds that focused on Indiana’s Lender Liability Act, about which I wrote on July 11, 2008. The lender argued that the conclusion not to enforce the cross-guaranty necessarily meant that the original mortgage had been amended. Because the ILLA provides that a credit agreement may not be amended without a written agreement, the lender asserted that the signed mortgage must control all the material terms and conditions of the loan, including the alleged cross-collateralization term.