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NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
What about the cases that already have default or agreed judgments which are now being collected? [read post]
31 Dec 2017, 5:12 pm
TAGS: default-judgment, garnishment-actions, National-Collegiate-Student-Loan-Trusts, no-answer-default-judgment, private-student- [read post]
27 Aug 2018, 3:41 pm
Donald Uderitz, who bought the Trust certificates (and the right to receive residuals, if any) at fire sale prices when the First Marblehead Corporation decided to extricate itself from the National Collegiate private student loan scheme that it had orchestrated and derived huge profits from in the form of up-front fees at the point of securitization.In Savoy, Justice Brown cites himself as legal authority. [read post]
1 May 2012, 9:14 am
” In Tewhey, the parties were attorney and his former client who obtained a default judgment against the attorney for professional malpractice in her divorce. [read post]
26 Mar 2012, 5:53 am
Voluntary surrender is a repossession and a default of your credit agreement. [read post]
7 May 2018, 10:25 pm
(Id.)The Trusts first entered into an Administration Agreement with First Marblehead Data Services, Inc. [read post]
24 Jan 2012, 2:48 pm
But first, it’s important to know why this problem has arisen lately. [read post]
29 Jul 2017, 5:32 pm
Transworld is a collection agency that seeks to collect on defaulted consumer debts, and it holds a collection agency license from the State of Illinois. [read post]
15 Nov 2017, 7:39 pm
On September 18, 2017, the CFPB filed its enforcement complaint and its proposed consent judgment with the fifteen National Collegiate Student Loan Trusts in the U.S. [read post]
15 Nov 2017, 7:39 pm
On September 18, 2017, the CFPB filed its enforcement petition and proposed consent judgment with the fifteen National Collegiate Student Loan Trusts in U.S. [read post]
14 Sep 2011, 6:53 am
This is the first time class divisions have popped up in this post. [read post]
5 Apr 2009, 1:26 pm
(Editor’s Note: This post is based on a client memorandum by Jonathan C. [read post]
29 Nov 2018, 11:58 am
TERI was used by the First Marblehead Corporation, the architect of the National Collegiate Student Loan behemoth, to make the loans more palatable to investors upon securitization because TERI would hold investors harmless by purchasing defaulted loans and paying full value on them, i.e. principal and accrued interest. [read post]
31 Aug 2009, 3:23 am
Tauro also granted a motion to dismiss in the subprime-related securities class action lawsuit pending against First Marblehead, citing the identical language from the Second Circuit. [read post]
27 Mar 2018, 5:02 pm
Kentucky Higher Education Student Loan Corp. was the servicer until the Access Loans were declared in default, at which time defendant NCO Financial Services, Inc. became the servicer for the Access Loans.After graduating from law school, plaintiff worked as a royalty label support analyst at EMI Music from July 2004 to June 2006 and as a paralegal at Warner Music Group from June 2006 through September 2006 in hopes of breaking into the entertainment law industry. [read post]
