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Decoding Over-Indebtedness in Europe: Managing Procedures with a Unified Tech Solution

Qualco

However, there are still disparities in implementing these laws across countries, with financial institutions facing challenges adapting to these diverse systems and managing the varying legal requirements and procedural intricacies across different jurisdictions.

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Decoding Over-Indebtedness in Southern Europe: Managing Procedures with a Unified Tech Solution

Qualco

However, there are still disparities in implementing these laws across countries, with financial institutions facing challenges adapting to these diverse systems and managing the varying legal requirements and procedural intricacies across different jurisdictions.

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Arizona Court of Appeals Narrows Statute of Limitations Application

Troutman Sanders

A lender must enforce the debt through foreclosure or a lawsuit within six years after the cause of action accrues. The third party filed suit against FMZ for quiet title, claiming the six-year statute of limitations barred foreclosure and FMZ’s ability to enforce its title to the property.

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Burr & Forman Names Eight New Partners Across Five Offices

Burr Forman

He represents various financial institutions, creditors, landlords, and other parties in all aspects of loan modifications and restructuring, commercial foreclosures, enforcement of security interests and domestic and foreign judgments, Chapter 7 and 11 bankruptcies, and creditors’ rights litigation.

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Peering Over The Edge Of The Financial Cliff

Fico Collections

At the beginning of the lockdowns a former colleague described the problem facing financial institutions as a ‘portfolio of good quality customers facing a temporary shock to their income, all they need is a bit of immediate assistance’. This however creates another problem for bank balance sheets.

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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. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). You may access this interactive tool at [link].

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. For more information, click here. For more information, click here. For more information, click here.