Jimerson Firm

JANUARY 27, 2021

An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. All borrowers must submit their own offer in compromise to the lender or CDC. If the lender or CDC agrees with the offer, then it must send the offer to the SBA for approval. SOP 50 57 ; SOP 50 55.

Loans 96

Loans Lender Collateral Creditors 96

Jimerson Firm

AUGUST 7, 2020

This new legislation is likely to be important to lenders and borrowers due to the anticipated higher volume of commercial foreclosures due to economic effects of the current COVID-19 pandemic. What is a Receiver, and Why are They Important? When Can the Court Appoint a Receiver Under the Act? Authors: C. Ryan Maloney, Esq. Candidate 2021.

Foreclosure 98

Foreclosure Lender Judgment Creditors 98

Troutman Sanders

MAY 2, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. For more information, click here. Dollar (USD) LIBOR after June 30. For more information, click here. For more information, click here.

Financial services 52

Financial services Trade Government Consumer Credit 52