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Home » Store » News » Requiring More Documentation for ‘Proof of Claim’ Too Burdensome

Requiring More Documentation for ‘Proof of Claim’ Too Burdensome

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Mortgage lenders strongly urged the U.S. Judicial Conference’s rulemaking committee to withdraw proposed amendments to federal bankruptcy rules, warning of adverse consequences to the mortgage industry. In recent follow-up comments to the proposed change, the Mortgage Bankers Association, American Bankers Association and Financial Services Roundtable said the proposal...
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