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. Florida State Laws.

Loans 98

Loans Foreclosure Lender Accrued Interest 98

ABI

JANUARY 22, 2024

In a Chapter 12 bankruptcy, the debtor generally proposes a plan for repaying creditors from future earnings. [1] 6] This ensures complete repayment, covering both the principal loan amount and accrued interest, in accordance with the United States Code. [7] 10] These loans were secured by $1.45

Secured Creditor 40

Secured Creditor Creditors Bankruptcy Unsecured Creditor 40

FDCPA Defense

AUGUST 22, 2016

Courts apply the very pro-consumer “least sophisticated debtor” standard when evaluating a collector’s communications, and most violations of the Act are “strict liability” – meaning the debtor can win the case without proving the collector intended to violate the statute.

Debtor 40

Debtor Debt collector Law Firms Accrued Interest 40

Troutman Sanders

JANUARY 11, 2021

The Seventh Circuit held that for a concrete injury to result from the dunning letter’s exclusion of a statement about accruing interest, the exclusion must have detrimentally affected the Spuhlers handling of their debts.

Accrued Interest 52

Accrued Interest Judgment Fair Debt Collection Law Firms 52

FDCPA Defense

FEBRUARY 1, 2018

Duty to disclose accruing interest, fees or other charges A significant recent trend in FDCPA case law involves courts that have imposed new disclosure obligations that are not found in the plain language of the Act. Two decisions out of the Second Circuit that have sparked a wave of new lawsuits against collectors are Avila v.

Accrued Interest 40

Accrued Interest Foreclosure Debt collector Debtor 40

BN Lawyers

MARCH 23, 2020

These parties could foreclose or repossess the property securing the loans. A lender who provided a secured loan for your kitchen equipment would have a difficult time profitably foreclosing on those assets. Although minimum payments may result in accrued interest, that is better than a lockout or eviction.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67