Credit Corp

APRIL 26, 2024

A 1099-c cancellation of debt form is issued when a lender forgives or cancels a debt. A property is foreclosed or repossessed. So, if your debt isn’t canceled via repossession, bankruptcy or other such processes, cancellation could happen at any time. However, this does not influence our evaluations. Your mortgage is modified.

Repossession 52

Repossession Creditors Bankruptcy Foreclosure 52

Jimerson Firm

JANUARY 16, 2023

While the owner of the vehicle may not want to pay for the services and may not want to retrieve the vehicle for whatever reason, lienholders may want to obtain and potentially sell the vehicle to satisfy, in whole or in part, their lien on the vehicle.

Repossession 52

Repossession Retrieval Financial services Banks 52

Jimerson Firm

JANUARY 16, 2023

While the owner of the vehicle may not want to pay for the towing company’s services and may not want to retrieve the vehicle for whatever reason, lienholders may want to obtain and potentially sell the vehicle to satisfy, in whole or in part, their lien on the vehicle. When towing companies tow vehicles in the State of Florida, Section 713.78

Repossession 52

Repossession Retrieval Financial services Banks 52

Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit.

Financial Institution 90

Financial Institution Debtor Loans Collateral 90

Troutman Sanders

JULY 27, 2023

The Bureau last did this in 2016 by announcing in Supervisory Highlights that auto finance companies should prohibit repossession agents from charging personal property storage and retrieval fees, and the Bureau followed that announcement with both supervisory activity and a consent order in 2020 on the same subject.

Collections 52

Collections Lender Repossession Debt collector 52