Troutman Sanders

MARCH 2, 2022

On February 28, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a bulletin and accompanying press release , highlighting an issue that the agency has written about frequently over the past several years: inadvertent repossessions. Failing to cancel active repossession orders when a consumer files for bankruptcy.

Repossession 52

Repossession Retrieval Bankruptcy Loans 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

Credit Corp

APRIL 26, 2024

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. If you can’t reach them or retrieve a copy, you may have to call the IRS to resolve the issue. Your mortgage is modified. What If You Don’t Get Your 1099-C?

Repossession 52

Repossession Creditors Bankruptcy Foreclosure 52

Qualco

NOVEMBER 7, 2023

Judicial Strategy Implications and System Requirements Judicial strategies, which employ legal mechanisms to retrieve funds tied to non-performing loans, serve as a crucial safeguard for the financial health of an institution.

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.

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Collections Lender Repossession Debt collector 52