Jimerson Firm

MARCH 19, 2021

When a lender holds a defaulted loan there are several issues that need to be considered before initiating a foreclosure. Additionally, specific Federal regulations may also apply and provide additional requirements for lenders holding VA loans or FHA loans, or provide protections for service members. Florida State Laws.

Loans 98

Loans Foreclosure Lender Accrued Interest 98

Collection Industry News

JULY 27, 2021

The industry trade teams challenging the CFPB’s rule that is final Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed a movement for summary judgment. The plaintiffs argue that the payments provisions should be held unlawful and set aside for the following reasons in their summary judgment motion.

Trade 40

Trade Judgment Loans Accrued Interest 40

Troutman Sanders

JANUARY 11, 2021

The Seventh Circuit held that for a concrete injury to result from the dunning letter’s exclusion of a statement about accruing interest, the exclusion must have detrimentally affected the Spuhlers handling of their debts. In Brunett v. Convergent Outsourcing, Inc. Thrasher, Buschmann & Voelkel, P.C.

Accrued Interest 52

Accrued Interest Judgment Fair Debt Collection Law Firms 52

BN Lawyers

MARCH 23, 2020

These parties could foreclose or repossess the property securing the loans. A lender who provided a secured loan for your kitchen equipment would have a difficult time profitably foreclosing on those assets. Although minimum payments may result in accrued interest, that is better than a lockout or eviction.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

FDCPA Defense

FEBRUARY 1, 2018

Duty to disclose accruing interest, fees or other charges A significant recent trend in FDCPA case law involves courts that have imposed new disclosure obligations that are not found in the plain language of the Act. California law does not allow for a deficiency judgment following non-judicial foreclosure. System, Inc.,

Accrued Interest 40

Accrued Interest Foreclosure Debtor Debt collector 40

Collection Industry News

JANUARY 10, 2025

The growing promotion and use of medical cards and installment loans, the CFPB wrote, can increase the financial burden on patients who may pay more than they otherwise would pay and may compromise medical outcomes. It argues the cards interest rates32.99% in May 2024violate state usury laws, which cap interest rates on loan payments.

Loans 40

Loans Financial Institution Accrued Interest Banks 40

FDCPA Defense

AUGUST 22, 2016

Although the trial court felt this was only a “ de minimus ” violation of section 1692e(11), it entered judgment in favor of Davis. 19, 2013) (“[E]ven the most unsophisticated debtor would not have been confused by Defendant's failure to say that Plaintiff's longstanding loan was continuing to accrue interest.”).

Debtor 40

Debtor Debt collector Law Firms Accrued Interest 40