Top Creditor Collections Today Foreclosure Lender Content for Thu.Nov 21, 2019

Thu.Nov 21, 2019

Auditing Third Party Collection Agencies

Optio Solutions

NOVEMBER 21, 2019

Auditing third party collection agencies is standard procedure among corporate clients in today’s business world. The reason for conducting audits is simple. Clients want to confirm that agencies are protecting their interest with compliant practices and efficient collection efforts that result in a favorable return on investment, brand protection, and customer retention.

Collection Agencies

Collection Agencies Collections Agency Collections

NY Appellate Court Holds Default Letter Stating Lender “Will Proceed to Automatically Accelerate” Did Not Accelerate the Debt and Thus Did Not Trigger the Statute of Limitations

Consumer Finance Watch

NOVEMBER 21, 2019

Diana M. Eng and Alina Levi. In U.S. Bank N.A. v. Gordon , 176 A.D.3d 1006 (2d Dept. 2019), the New York Appellate Division, Second Department, held that a notice of default stating that if the loan was not made current, the lender “will automatically accelerate [the] loan,” was “merely an expression of future intent” and therefore did not accelerate the borrowers’ debt.

Lender

Lender Foreclosure Loans Creditors

Thu.Nov 21, 2019

Auditing Third Party Collection Agencies

NY Appellate Court Holds Default Letter Stating Lender “Will Proceed to Automatically Accelerate” Did Not Accelerate the Debt and Thus Did Not Trigger the Statute of Limitations

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