On January 19, 2021, the Consumer Financial Protection Bureau (CFPB) published its final debt collection rules in the Federal Register, including 12 C.F.R. § 1006.26(b), which prohibits collections of time-barred debt. Under the new rules, collectors who sue or threaten to sue consumers for time-bar
Bar Examination Loans – Temple Law
Bar Study Loan (877) 279-7172 PNC Bank . Bar Study Student Loan (800) 762-1001. Citizens Bank. Bar Exam Loan (800) 922-9999: Loan Limit. Minimum: $1000 Maximum: $15,000. Minimum: $1000 Maximum: $15,000. Minimum: $1000 Maximum: $16,000. Deferral. Payments deferred while in school. Payments deferred while in school. Check with Lender. Grace Period
Recent Amendments to the Federal Rules of Bankruptcy Procedure
Secured Claims: Amended Rule 3002 (a) provides that a secured creditor is now required to file a proof of claim for chapter 7, 12 and 13 cases to have an allowed secured claim and be eligible to receive distributions from the estate. Failing to file a proof of claim, alone, will not cause the voiding of the security interest or lien.
SEC’s Leveraged Loan Market – The Temple 10-Q
Current State of the Leveraged Loan Market. The panel gave an overview of the current state of the leveraged loan market. The total of outstanding leveraged loans is estimated to be just under $2 trillion. Of the $2 trillion in outstanding loans, $1.3 trillion is held by institutional lenders. In 2019, the average leveraged transaction has …
(Summer 2022) LAW 0589 § 51 Details – Temple Law Course Bulletin
Course Description. Secured Transactions is a study of personal and commercial financing by loans and credit sales under agreements creating security interests in the debtors’ personal property (Article 9 of the UCC and relevant provisions of the Bankruptcy Code).
(Fall 2020) LAW 0589 § 01 Details – Temple Law Course Bulletin
One additional credit is available for negotiating and drafting several documents typically used in secured transactions. Specifically, I expect to assign transactional roles to students who elect this added credit of debtor or creditor, provide facts typical of certain lending transactions, and provide form documents that students will then …
Exit Interviews for Graduating Students – Temple Law
The Office of Credit and Collections in the University Office of the Bursar is responsible for managing the exit interview process. Their office will maintain a record of those students who have completed the Perkins Loan exit interview. It should take you approximately 15 minutes to complete the exit interview for the Perkins loan.
J.D. Cost of Attendance (Mirror) – Temple Law
216. Total. $50,130. $62,856. Adjustments to the Cost of Attendance. The combination of a student’s aid from all sources (scholarship, loan, work study, etc.) may not exceed their cost of attendance. Students must limit their borrowing to the amount of the standard Cost of Attendance, or when possible, even less.
Incentive Compensation Under the Regulatory Spotlight
Six U.S. federal financial regulatory agencies in May 2016 revised and re-proposed rules that were originally proposed in 2011, to govern the incentive compensation practices at financial institutions with consolidated assets of at least $1 billion (covered institutions). The proposed rules include new – and more stringent – requirements, especially for the largest institutions.
Series of LLCs: The Next Big Thing? – The Temple 10-Q
The interrelation between series LLCs and the Bankruptcy Code is still more uncertain. Under the Bankruptcy Code, a debtor is “a person. . . concerning which a case . . . has been commenced.” 11 U.S.C. § 101(13). “Person,” in turn, is defined to include individuals, partnerships, and corporations. Id. § 101(41).