Requirements For A Notice Of Default Prior To Acceleration Of A Mortgage Loan In Ohio: Who, What, When, Where and How

by Larry R. Rothenberg Many states have statutes requiring the service of a notice of default prior to commencing a mortgage foreclosure.  Although Ohio does not have such a statutory requirement, the lender must, nevertheless, fulfill such a condition precedent if it is required by its loan documents.  A failure to do so will leave…

Current Issues in Credit Unions #42.

This month, Faith, Katherine & Rob bring you the following topics: –Credit CARD Act update. –HOEPA update. –Regulation GG. –Pandemic preparation. –Ugottaloan –Big K Roundup (To Tweet or Not to Tweet; New Developments on Consumer Protection Agency; The Protocol–How Will it Impact a Credit Union’s Relationship with its Broker-Dealer) The CIiCU hosts are: Brian Witt…

Frivolous Friday: Ugottaloan!

For the last few months, in a corner of my mind, an idea has been bouncing around my head, waiting for a Friday to emerge.  The idea is simple, really:  a new ultra low cost loan product for credit unions that would make members happy, increase a credit union’s loan volume (and its bottom line)…

Important Ohio Banking Law Decisions from 2009

by Joseph D. DeGiorgio, Esq. Throughout the first nine months of 2009, Ohio courts issued several decisions with a significant impact on the laws governing banking operations and debt collection.  Courts in Ohio have decided cases involving issues such as what proof is required for a bank to recover pre-judgment interest, what party or parties may…

Day 2 – The Credit Union Times Best Practices Conference, San Diego, California, Friday, October 09, 2009

Day 2 started with a compelling speaker, Tom Glatt of REALTORS® Federal Credit Union (www.realtorsfcu.org).  For those of you who have heard Tom speak before, you know he is full of provincial stories about growing up in Louisiana, complete with his Cajun accent.  While I find his act to be a little over the top,…

Day 1 – Credit Union Times Best Practices Conference, San Diego, California – Thursday October 8, 2009

Let’s get the superficial stuff out of the way:  The hotel (The Westgate Hotel http://www.westgatehotel.com) is lavishly appointed with brass fixtures and marble counters, spacious rooms, soft sheets and large windows.  The food is perfectly prepared and served in bounty.  The staff was courteous and proficient. This all provides the prefect setting to be told…