Sentences with phrase «of deceased borrowers»
The Wall Street Journal is reporting that new Federal Trade Commission (FTC) proposals addressing debt collectors attempting to collect on debts of deceased borrowers may backfire by allowing debt collection agencies to pursue surviving relatives and associates of deceased debtors.
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If this bill is signed into law, the Office of Legislative Services estimated that nearly 70 loans of disabled or deceased borrowers will be forgiven each year.
Yes, upon the death of the benefitting student, if the borrower dies and there is no cosigner, and if there is a cosigner, the loan will be forgiven only as to the deceased party.
conducted research on deceased borrowers and heirs using Westlaw and local county online services prepared contact letter to heirs drafted correspondence and pleadings for creditor's administration and requests to the underwriter to insure around deceased borrower coordinated with attorneys, dependent administrators and local counsels with hearings updated to clients with status of loans handled by the firm performed title reviews and determine if title claims are needed for prior liens, missing conveyances, legal discrepancies referral administrator.
In many cases the borrower and deceased spouse held the property as «Tenants by the Entireties» meaning between husband and wife and therefore the survivor of them would gain full rights and ownership to the property.