Jimerson Firm

MARCH 19, 2021

When a lender holds a defaulted loan there are several issues that need to be considered before initiating a foreclosure. Additionally, specific Federal regulations may also apply and provide additional requirements for lenders holding VA loans or FHA loans, or provide protections for service members. 2d DCA 2011).

Loans 98

Loans Foreclosure Lender Accrued Interest 98

ABI

JANUARY 19, 2024

(“BMO”) provided a bridge loan (“the Bridge Loan”) to Intermediate Holding. [6] 6] Sun Capital either guaranteed the Bridge Loan or was otherwise obligated to ensure that the Bridge Loan was repaid ("the Sun Capital Guaranty"). [7] 8] BWGS paid the vast majority of the loan by transferring its own property worth $24.8

Bankruptcy 40

Bankruptcy Financial Institution Loans Banks 40

Collection Industry News

OCTOBER 2, 2023

For example, any rules the CFPB has issued in the past 12 years — whether about credit cards, mortgages, payday loans or debt collection, for example — could be nullified, experts said. The CFPB was established in 2011 by the Dodd-Frank financial reform law in the wake of the Great Recession.

Government 40

Government Credit Unions Credit Unions Trade 40

Jimerson Firm

JANUARY 16, 2023

6:010-CV-226-ORL-31, 2011 WL 1560647, at *10 (M.D. 5, 2011) report and recommendation adopted, No. 6:10-CV-226-ORL-31, 2011 WL 1557853 (M.D. 28, 2014) (adopting a report and recommendation recommending no actual damages despite testimony that the plaintiff suffered nervousness, anxiety, and sleeplessness); Marchman v.

Garnishment 52

Garnishment Foreclosure Banks Consumer Collections 52

Credit Corp

MARCH 22, 2023

As of the second quarter in 2022, Americans owed over $192 billion in personal loans, according to TransUnion ®. If you’re one of the many Americans who took out a personal loan in early 2022, the good news is that interest rates were very low, according to the St.

Personal loans 98

Personal loans Loans Lender Debt Consolidation 98

ABI

MARCH 9, 2020

Acis LP”) is a Delaware limited partnership investment adviser and collateralized loan obligation (“CLO”) manager. [4] 12] See In re Acis Capital Mgmt., 333, 345 (2011) (“In the present case, of course, those ‘two goals’ [of arbitration and expedition] do not conflict”). [27] 1] In In re Acis Capital Mgmt., 541, 553 (Bankr.

Bankruptcy 40

Bankruptcy Debtor Collateral Construction 40

FDCPA Defense

FEBRUARY 1, 2018

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “The [FDCPA] characterizes debts in terms of end uses. [n]either n]either the lender’s motives nor the fashion in which the loan is memorialized are dispositive of the inquiry”).

Accrued Interest 40

Accrued Interest Foreclosure Debt collector Debtor 40