Simon PLC Attorneys & Counselors – November 2019 Memorandum Chapter 13 Bankruptcy Co-Debtor Stay Bloomfield Hills, Michigan – Creditors are all generally familiar with the automatic stay provided for under the bankruptcy code. The automatic stay requires that all efforts to collect debts from the debtor and property of the estate must immediately cease upon […]
Category Archives: Memorandum
Memorandum
Creditor Considerations as New York Legislature Passes New Limits on Confessions of Judgment
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Oct
Oct
Simon PLC Attorneys & Counselors – October 2019 Memorandum Creditor Considerations as New York Legislature Passes New Limits on Confessions of Judgment Bloomfield Hills, Michigan – This summer the New York State Legislature passed legislation that put new limits on the use of the long used procedural tool by creditors, banks and financial institutions – […]
Memorandum
Simon PLC Attorneys & Counselors – September 2019 Memorandum Mortgage Servicing Rules: Small Servicer Exemption Considerations
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Sep
Sep
Bloomfield Hills, Michigan – In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) was enacted and amended RESPA (Reg. X) and TILA (Reg. Z) and granted authority to the Consumer Financial Protection Bureau (“CFPB”) to issue rules regarding servicing of residential mortgage loans. The most recent version of the rules were […]