Repossession Tips and Traps

The following is an article reprinted with permission from the upcoming Spring 2009 edition of The WWR Letter: By: David A. Wolfe, Associate Once a debtor defaults on his/her installment loan payments and collection and workout efforts fail to achieve the desired results, creditors traditionally look to repossess any collateral. While this process is often…

Regulation Z Final Rule – Procedures for “Higher-Priced Mortgage Loans”, Loan Modifications and Other New Requirements

The following is an article reprinted with permission from the upcoming Spring 2009 edition of The WWR Letter: By: Gail C. Hersh, Jr., Partner On October 1, 2009, the “final rule” amending Regulation Z (“Reg Z”) (the Truth in Lending Act) goes into effect, except for some escrow requirements that will be phased in during…