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Volume 2010 - Number 5

March 5, 2010

Legal Implications Hinder Servicers’ Facebook Use

Servicers must be careful when contacting delinquent borrowers via social networking Web sites such as Facebook, according to industry lawyers. “The concern is that it is not always obvious what is and is not allowed on these sites,” said David Beam, a partner at K&L Gates. Beam detailed the legal implications of using “alternative communication methods” during an audio...

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