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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Under current law, state courts cannot use private collection agencies to try and recover unpaid court costs and fines, many of which are incurred by individuals living outside of the particular county in which they were fined in the first place. For more information, click here.

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COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

The Department of Business Oversight issued guidance on March 21, 2020 that work from home prohibitions would not be enforced against escrow agents, finance lenders and servicers, student loan servicers, or residential mortgage lenders and servicers, thus allowing collection efforts to continue.