New Uniform Power of Attorney Act in Effect
(Procedures to limit liability)

The new Act is intended to protect persons/financial institutions that rely upon an acknowledged Power of Attorney; however, it also imposes liability for refusal to accept an acknowledged statutory form Power of Attorney.

Lender Alternatives Upon Borrower's Default
(Foreclosure, Forbearance and/or Workout?)

A brief outline of a course of action that lenders should consider before sending a demand letter or filing a foreclosure action against a borrower.

How to collect past-due accounts
Attorney Mark A. Glenn

You can do two things now to help collect problem accounts. Providing customers a provision of payment for attorney fees and sticking with a progressive payment system are ways to protect yourself.

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