article thumbnail

A Guide to Lawyer Trust vs Operating Accounts

PDC Flow

IOLTA IOLTA stands for Interest on Lawyers’ Trust Accounts. It is the program laid out in the ABA rules (and implemented by each state bar) that tells lawyers the right way to accrue interest and handle client funds. The interest from these accounts is intended for things like civil and legal aid.

Lawyers 78
article thumbnail

How to Clean Up Your Credit Report: 7 Tips

Credit Corp

Services such as Lexington Law and CreditRepair.com can help you identify main issues with your credit and assist you in challenging the accuracy of errors. John C Heath, Attorney at Law, PC, d/b/a Lexington Law Firm is an independent law firm that uses Progrexion as a provider of business and administrative services.]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7th Circuit Challenges Whether Plaintiffs Had Standing in Recent District Court Cases

Troutman Sanders

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. In response, the HOA hired the law firm of Thrasher, Buschmann & Voelkel, P.C. (“TBV”).

article thumbnail

Loan Modification and Deferment Requirements for SBA Lenders

Jimerson Firm

If a loan deferment is granted, interest on the SBA loan will continue to accrue during the deferment period. When payments resume, the payment may be applied first to accrued interest, then to principal. The post Loan Modification and Deferment Requirements for SBA Lenders appeared first on Jimerson Birr Law Firm.

Lender 78
article thumbnail

District Court Takes Expansive View of "Deceptive or Misleading" Practices under FDCPA

Consumer Financial Services Law

In Avila , the Second Circuit encountered a case in which a collection letter disclosed the “current balance” of the debt, but did not disclose that after the date of the collection letter, the account was continuing to accrue interest and late fees.

article thumbnail

Emerging Trends In FDCPA Litigation Against Community Association Attorneys

FDCPA Defense

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. 2017) was subject to the FDCPA, because it was not sent solely to enforce a security interest.

article thumbnail

The “Least Sophisticated Debtor” Is Getting More Sophisticated, And Has An Improved Memory Too

FDCPA Defense

Hollins Law Firm , _F.3d There, the collection law firm defendant communicated with plaintiff on a number of occasions, and each time the firm identified itself as a “debt collector,” as required by section 1692e(11) of the FDCPA. iii] A striking example of this trend is the Ninth Circuit’s decision in Davis v.

Debtor 40