Troutman Sanders

OCTOBER 13, 2020

Small Business Administration, in consultation with the Treasury Department, released an updated loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. Small Business Administration (SBA) released guidance on required procedures for changes of ownership in an entity that obtained a PPP loan.

Financial services 52

Financial services Foreclosure Collateral Collection Agencies 52

Consumer Finance Watch

JULY 22, 2020

2d DCA 2016) to resolve a conflict with a case decided by the Fourth District Court of Appeal ( Maslak v. 4th DCA 2016). On June 23, 2014, the originating lender, Household Finance Corporation III (“HFC”), filed a foreclosure complaint alleging a default under the note and mortgage. Household Finance Corporation, III, 236 So.

Foreclosure 40

Foreclosure Loans Judgment Lender 40

Consumer Financial Services Law

OCTOBER 25, 2016

Ocwen Loan Servicing, the court considered whether the mortgage servicer had an obligation to evaluate a loss mitigation application when, at the time the completed application was submitted, a foreclosure sale was scheduled to occur in two days. Ocwen Loan Servicing, 2016 U.S. LEXIS 18264 (11 th Cir.

Foreclosure 40

Foreclosure Loans 40

The Creditors Rights

JUNE 7, 2016

It owed a loan to BCL-Bridge Funding, LLC secured by real property comprising a resort on Lake Michigan. After the borrower’s default and lender’s commencement of foreclosure proceedings, the borrower’s members—with the exception of the Special Member—voted to cause the borrower to file a chapter 11 petition. 899 (Bankr.

Lender 40

Lender Bankruptcy Foreclosure Government 40

FDCPA Defense

FEBRUARY 1, 2018

2016) and Carlin v. Determining the line between foreclosure activity and debt collection, however, can be elusive. 2016), amended (May 22. 17- 278) was whether notices sent by a trustee as required to initiate a non-judicial foreclosure under California law violated the FDCPA. Riexinger & Associates, LLC , 817 F.3d

Accrued Interest 40

Accrued Interest Foreclosure Debt collector Debtor 40

FDCPA Defense

JANUARY 22, 2017

Countrywide Home Loans, Inc., 2016) (granting summary judgment for plaintiff in FDCPA class action where defendant’s letter failed to specifically identify the name of the current creditor); Avila v. 3d_, 2016 WL 4651403 (7th Cir. 3d_, 2016 WL 4651403 (7th Cir. 2016 WL 154090 (E.D.N.Y 23(b)(3); see also Vinole v.

Collections 40

Collections Judgment Creditors Law Firms 40