If a member has collections and chargeoffs on their credit report and they want to payoff one or the other, paying off which one will help their credit score the most?
Our system currently allows three types of past due notices to be sent for HUD. The three selections are HUD only, SCRA only, and then HUD-SCRA combined. With that said, we are wondering if SCRA should be sent to all other loans as the first part of our collection/repossession process? I understand this isn't a requirement. I am just trying to see if this would be a best practice for our first line of defense for SCRA compliance.
Thanks so much!
Where can I find rules regarding safe deposit boxes and notices that must be sent before they are drilled for nonpayment of rent?
Can you tell me when a "Notice of Section 169 Housing and Community
Development Act of 1987" notice is required to be sent to the consumer, other
than with a delinquent/past due notice. Are they required to be sent with
rate change notices and annual escrow analysis notices?
We had an account for a customer that has since been charged-off. She now has another account but it's a guardianship account where she is the
ward, not the guardian. Can the bank debit this guardianship account where she is the ward for her previous charge-off on another account?