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Home » Store » News » Loss Mit Efforts Subject to Debt Collection Laws

Loss Mit Efforts Subject to Debt Collection Laws

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Prosecution of servicers’ loss mitigation efforts under the Fair Debt Collection Practices Act is a growing concern, according to lawyers at the law firm of K&L Gates. While the law contains exclusions for some servicers, it is increasingly being applied to private-label loan modification companies. The FDCPA generally applies to third-party debt collectors. During an audio conference...
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