LIEB BLOG

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Showing posts with label Comprehensive Debt Collection Improvement Act. Show all posts
Showing posts with label Comprehensive Debt Collection Improvement Act. Show all posts

Thursday, June 03, 2021

03 Jun

Co-op Loans At-Risk Based on Legislation that Passed the US House

A law that passed the House in May and is before the Senate (The Comprehensive Debt Collection Improvement Act or “CDCIA”) could force lenders to slam the breaks on issuing mortgages to co-op purchasers.This law reverses a 2019 decision from the US Supreme Court, Obduskey V. McCarthy, and would cause the Fair...