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

Jimerson Firm

NOVEMBER 5, 2020

If a borrower is experiencing difficulties making payments on their SBA loan, they may seek relief with the lender or CDC by requesting a loan modification or deferment. What is a Loan Modification? What is a Loan Modification? Re-amortization of loan payments. 7(a) Loan Modifications.

Lender 78

Lender Loans Accrued Interest Collateral 78

Jimerson Firm

FEBRUARY 11, 2022

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans.

Loans 52

Loans Lender Chapter 7 bankruptcy Bankruptcy 52

Collection Industry News

OCTOBER 17, 2023

proposed a 36% cap on consumer loans in 2021. The 36% interest rate cap for active-duty servicemembers and their families has proven to be a highly effective measure in providing protection against predatory lending practices,” Grothman said in an email. “The Alexandria Ocasio-Cortez, D-N.Y., Jesús “Chuy” García, D-Ill.,

Credit Unions 40

Credit Unions Credit Unions Accrued Interest Credit Card Debt 40