Collections Law

APRIL 1, 2020

Pre-judgment attachments such as bank attachments, real estate attachments and reach and apply attachments, to name but a few, are equally available even before you have a judgment. If the court decides not to allow ex parte attachment of the debtor’s bank account, we then seek to attach their accounts with notice.

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Troutman Sanders

FEBRUARY 8, 2021

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. attorney’s office to stop judicial foreclosures and evictions on accounts previously referred to the DOJ. On February 1, the U.S.

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Financial services Foreclosure Student Loans Student loans 52

Troutman Sanders

JULY 7, 2021

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. You may access this interactive tool at [link]. For more information, click here.

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Financial services Financial Institution Student Loans Student loans 52

Collection Industry News

FEBRUARY 15, 2021

Consumer risks included delays in processing suspensions of administrative wage garnishments, potential FDCPA compliance risks associated with new bank attachments or wage garnishments, and delays in payment processing. insufficient loss mitigation processes.

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Garnishment Student Loans Student loans Loans 40

Troutman Sanders

MARCH 29, 2021

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. You may access this interactive tool at [link]. State Activities. Privacy and Cybersecurity Activities.

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Financial services Fair Debt Collection Foreclosure Lender 52

Jimerson Firm

JANUARY 16, 2023

Bank of America, N.A. , Bank of America, N.A. , The court found that the plaintiffs suffered for over two-and-a-half-years with stress, anxiety, and sleeplessness as a result of the defendant’s misrepresentations regarding the amount of debt owed, which peaked when the defendant filed a foreclosure action. 3d 1197, 1211 (M.D.

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Garnishment Foreclosure Banks Consumer Collections 52

Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. One of our firm’s key strengths lies in our comprehensive understanding of both Chapter 7 and Chapter 13 bankruptcy options.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

APRIL 26, 2023

If the creditor has your date of birth and social security number, they may be able to garnish your bank account and apply that money toward your debt balance. Chapter 13 Chapter 13 bankruptcy offers you protection from creditors and helps stop foreclosures and other creditor collection efforts.

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Collection Industry News

SEPTEMBER 23, 2020

It can garnish wages and bank accounts, • It can force the sheriff to seize your home, real estate, and personal property. Failing to respond to a lawsuit can result in default judgment on a case you could have won, and end in wage garnishment or loss of other assets. Bond & Botes Helps People Struggling with Debt.

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The McHughes Law Firm

AUGUST 29, 2016

Debt collection attorneys have procedures – including wage garnishments, property foreclosures, and bank levies – that can be utilized to collect on unpaid debt. The average consumer is far more likely to be responsive when contacted by a lawyer than by a collection agency.

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Debt Free Colorado

DECEMBER 23, 2024

This legal shield blocks creditors from calling you, stops foreclosure sales, prevents wage garnishments , and halts all collection lawsuits. When you use a credit card, you borrow money from the bank. Here’s what happens right after filing: The automatic stay takes effect as soon as you file your papers with the court.

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Unsecured Debt Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy 52

Burr Forman

DECEMBER 4, 2020

The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020. California – On March 17, 2020, Child Support Services stopped automatically placing bank levies for overdue child support during the COVID-19 crisis. The protections are set to expire on February 1, 2021.

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Financial Institution Garnishment Collections Foreclosure 52

Troutman Sanders

OCTOBER 26, 2020

The current recordkeeping and travel regulations of the Bank Secrecy Act mandate that banks collect, retain, and transmit information on fund transfers of more than $3,000 occurring outside the U.S. The legislation would benefit banks and credit unions with assets under $15 billion. For more information, click here.

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Financial services Foreclosure Financial Institution Banks 52

Troutman Sanders

NOVEMBER 24, 2020

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. Community banking organizations must follow different rules and requirements based on their risk profile and asset size.

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Financial services Foreclosure Banks Loans 52

Troutman Sanders

APRIL 19, 2021

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. You may access this interactive tool at [link]. Comments must be submitted on or before May 19. For more information, click here.

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Financial services Student Loans Student loans Financial Institution 52

Troutman Sanders

APRIL 5, 2021

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. On April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

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Financial services Financial Institution Foreclosure Garnishment 52

Troutman Sanders

JANUARY 19, 2021

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. The Federal Reserve Banks’ 2020 estimated net income of $88.8 You may access this interactive tool at [link].

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Financial services Garnishment Foreclosure Government 52

Troutman Sanders

JUNE 15, 2021

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. You may access this interactive tool at [link]. For more information, click here.

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Financial services Foreclosure Financial Institution Government 52

Troutman Sanders

JANUARY 25, 2021

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. You may access this interactive tool at [link]. For more information, click here. Initially, the moratorium was set to expire on February 1.

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Financial services Debt collector Foreclosure Banks 52

Troutman Sanders

JULY 26, 2021

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. Any attempt to garnish or otherwise seize these funds to collect or attempt to collect a debt violates the AG’s Debt Collection Regulations.”

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Financial services Student Loans Student loans Garnishment 52

Troutman Sanders

JUNE 22, 2021

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. Covered institutions include banks, savings associations, credit unions, and mortgage companies. For more information, click here.

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Financial services Student Loans Student loans Financial Institution 52

Troutman Sanders

MARCH 15, 2021

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. You may access this interactive tool at [link]. For more information click here. On March 5, Illinois Governor J.B.

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Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

AUGUST 31, 2020

On August 27, 2020, the Federal Housing Finance Agency announces it would extend the eviction moratoriums on single-family foreclosures and real estate owned (REO) properties from August 31, 2020 to December 31, 2020. Pritzker extended Executive Order 2020-25, which includes limits on garnishments and wage deductions.

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Financial services Foreclosure Student Loans Student loans 52

Troutman Sanders

NOVEMBER 7, 2023

monthly from their bank account until the advance was paid off. On November 1, the OCC issued a bulletin to inform banks about policy guidance that applies to commercial loans to early, expansion, and late-stage companies. Before making any loan, bank management should identify the purpose of the loan and the source of repayment.

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