Burr Forman

DECEMBER 4, 2020

The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020. This legislation prohibits judgment creditors from initiating new “extraordinary” collection actions, including garnishment, attachment, levies, or execution. This order was extended until December 31, 2020.

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Financial Institution Garnishment Collections Foreclosure 52

Sawin & Shea

AUGUST 24, 2020

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. In exchange of this discharge non-exempt assets are liquidated by a Chapter 7 trustee in order to pay creditors back something. Debt collection agencies can be thoroughly unpleasant.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Sawin & Shea

AUGUST 4, 2021

For the lender, it’s all about the bottom line, and if they think they can get more money from a foreclosure, they won’t agree to a short sale. Both short sales and bankruptcies involving foreclosures will show up as negative hits on your credit report. A foreclosure (without bankruptcy) will stay on your credit report for 7.

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Foreclosure Lender 52

Troutman Sanders

JULY 7, 2021

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 law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

SEPTEMBER 7, 2021

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. You may access this interactive tool at [link]. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Collection Industry News

DECEMBER 21, 2020

Approximately three years later, the law firm recorded a notice of lien in the county’s official records for unpaid dues, assessments and costs payable to the HOA, and a “Notice of Default and Election to Sell” was recorded to initiate nonjudicial foreclosure proceedings.

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Bankruptcy Chapter 13 bankruptcy Law Firms Debtor 40

Troutman Sanders

MARCH 22, 2021

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. On March 10, the Oklahoma Senate passed a health care debt collection bill. You may access this interactive tool at [link].

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Better Credit Blog

JANUARY 21, 2021

Contacting creditors, banks, and credit bureaus can take a lot of time and energy. Debt collections agencies. Foreclosures. A credit monitoring app will help you boost your score, report errors, and provide you with regular notifications about your score and additions to your report. Charge offs. Delinquent payments.

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Retail Banks Loans Repossession 52

Troutman Sanders

MAY 9, 2023

On May 4, Colorado Governor Jared Polis signed SB93 into law. HB1349 will take effect on July 23.

Financial services 52

Financial services Student loans Student Loans Loans 52

Better Credit Blog

JANUARY 21, 2021

You can also put a fraud alert on your credit reports, as well as enabling a credit freeze , which blocks creditors from accessing your reports in order to approve new credit applications. You can definitely file a dispute against a collections agency or credit reporting service on your own, but you don’t have to. Foreclosures.

Lender 52

Lender Loans Foreclosure Collection Agencies 52

FDCPA Defense

NOVEMBER 11, 2014

Section 1692g of the FDCPA says collectors must provide notice to consumers within five days of the initial communication regarding the debt, stating the amount of the debt, the name of the current creditor, and explaining the consumer’s right to dispute the debt and to obtain verification. See 15 U.S.C. 1692g(a)(1), (2). 1692g(a)(5).

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Debt collector Debtor Creditors Original Creditor 40

Better Credit Blog

APRIL 11, 2022

Your creditors will report on your credit accounts regularly. Each time there’s activity on your account — such as a payment, a payoff, or a late payment — the creditor should update the credit bureaus. Account information for each credit item will include the following: Name and address of the creditor. Foreclosure.

Creditors 15

Creditors Loans Credit Bureau Lender 15

Troutman Sanders

MAY 17, 2021

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. 248, which limits a collection agency’s ability to collect on medical debt. For more information, click here.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

FEBRUARY 22, 2021

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. You may access this interactive tool at [link]. Currently, the act only applies to persons who service student loans.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Collection Industry News

SEPTEMBER 23, 2020

The survey data showed that more than 70% of debt collection suits ended in default judgments. That means that the court entered an order in favor of the creditor or debt collector because the consumer did not show up or did not file necessary paperwork. Whatever the reason, ignoring a debt collection lawsuit can mean big trouble.

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Collections Debt collector Chapter 13 bankruptcy Chapter 7 bankruptcy 40

Troutman Sanders

APRIL 26, 2021

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. You may access this interactive tool at [link]. ” For more information, click here.

Financial services 52

Financial services Debt collector Loans Banks 52

Troutman Sanders

FEBRUARY 13, 2024

The ruling is a victory for other Genesis creditors who could be due for a full recovery on their claims. The defendants and the CFPB jointly agreed to the dismissal of their respective appeals. The final settlement required the defendants to pay $10.9 million in consumer redress and a $1.1 million penalty. billion in debt.

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Financial services Student loans Student Loans Collection Agencies 52