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Post-Default Environmental Risk Management for SBA Lenders

Jimerson Firm

If a borrower defaults on a SBA loan, the lender or CDC must assess the environmental risk of contamination before conducting any liquidation action that could result in a loss, or otherwise increase the risk of loss, due to the actual or alleged presence of contamination. What Are Environmental Risks? SOP 50 57 2 ; SOP 50 55.

Lender 76
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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. If you’re interested in making smarter, faster acquisition and retention decisions, we’d love to talk with you. . #2. FICO Loan Origination Solution Awarded Best-In-Class.

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Finding Business Opportunities From COVID-19

Fico Collections

However, these partnerships need to be expanded beyond just data and customer acquisition. If you sell loans or education or car parts, you need to focus on that and not security, cloud, software and all the other specialty and administrative areas.

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

Jimerson Firm

1st DCA 2016) (“Appellant’s attorney, as the agent of appellant, was entitled under the statute to certify that appellant was in possession of the original note based on counsel’s review of the collateral file, which contained the original note and was provided to counsel in connection with legal proceedings to enforce the note.”).

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

Jimerson Firm

Include evidence demonstrating the acquisition, ownership and possession of the note, such as copies of the note, allonges and/or audit reports. 702.015(5) , Fla. 2d 344, 345 (Fla. 1st DCA 1987) (identifying guidelines for a court to consider when determining whether to appoint a receiver).

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On June 7, the CFPB released a blog discussing the fact that the pause on federal student loan interest, payments, and collections is now scheduled to end 60 days after June 30, which means borrowers will have to start making payments soon. For more information, click here. For more information, click here. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The report said that low acquisition costs often come coupled with higher interest rates and limited opportunities to refinance.