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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 5 – Commercial Foreclosures 101

Jimerson Firm

Then, if necessary, the parties will conduct discovery and the plaintiff will seek to end the lawsuit by filing a motion for summary judgment or setting the case for trial in the event there are factual issues in dispute. A complaint is filed, then the borrower has the ability to respond to the complaint and assert defenses. 702.015(5) , Fla.

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Certification of Original Promissory Note is Required To Bring a Mortgage Foreclosure Action

Jimerson Firm

The original note and the allonges must be filed with the court before the entry of any judgment of foreclosure or judgment on the note. Therefore, a copy of an electronic promissory note is sufficient to prove the identity of the electronic note’s owner and to provide authorization to the loan servicer to pursue a foreclosure action.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On June 8, the Commodities Futures Trading Commission (CFTC) obtained a default judgment against a decentralized autonomous organization (DAO) Ooki Dao in the U.S. On June 8, the CFPB released its Semi-Annual Report to Congress for the period beginning April 1, 2022, and ending September 30, 2022. For more information, click here.