“Those forbearance periods shall continue to be extended upon request of the consumer up to a cumulative total of 270 days.”
Sacramento, CA – 5 June, 2020 – Before passing the California State Assembly Appropriations Committee on a 12-5 vote on Wednesday, AB 2501, titled “the COVID-19: homeowner, tenant, and consumer relief Law of 2020” a number of revisions were made. Unfortunately, none of these were a softening of the damaging impact that the bill poses to the future of the lending, credit, repossessions and auto sales industries in the state of California.
Revisions Posted to California’s “Repossession and Collections Moratorium Bill” – Credit Union Collections – Foreclosure – Repossess – Repossession
More Stories
Auto Lending Accelerates as Borrower Credit Quality Slips
After the Repo: When Does a Credit Union Finally Admit the Loss?
Auto Lending Is Moving Down the Credit Risk Ladder – Collections and Repo May Follow
The Vendor Scorecard Playbook: Your Head Start on 2027
The Fraud Factory
Holmes Motors to Pay $137,000 Over Alleged Violations of Servicemembers’ Vehicle Lease Rights