Guest Post: CFPB Seeks Information for Third Party Debt Collection Rules
Consumer Financial Services Law
DECEMBER 29, 2016
Such advice would violate the Rules of Professional Conduct, since the attorney for the creditor may not also provide legal advice to the debtor. Also, on an auto loan, there could be more than one missed payment, followed by a repossession, followed by a sale of the collateral and establishment of a deficiency balance.
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