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Short term loan/lease modifications in response to COVID-19 are not "Trouble Debt Restructuring", these include payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are significant.
..a lawyer has been retained.
In the letter, let the lessee know that they can contact you or your lawyer to resolve the matter.
#equipmentleasing #securelending #financialservices #leasing
Cite the applicable lease default provision from the lease itself. Lets lessee know you have reviewed their lease and are getting ready to take some affirmative action.
Carbon Copy your lawyer on the Demand Letters sent internally so that the lessee sees that...
Our office is OPEN to serve clients during the COVID-19 pandemic. firstname.lastname@example.org, email@example.com or (267) 217-1400 # #equipmentleasing #doddfrank #leasing #forbearance #contracts
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Collection Servicing and Management
With a nationally known and credible back room customer service and collection team, Lamm Pro introduces their team to small and mid-size Lessors seeking to outsource their Collections instead of adding administrative overhead. From selecting, introducing and combining our Lessors with the established and effective servicing and collection team of Lamm Pro and its partners, we are a full service alternative to agencies and law firms. We are working on an contingency basis at this time! ...
SBA now taking applications for disaster recovery loans. Contact Anthony Lamm for insight and guidance through the process! #equipmentleasing #doddfrank #loans #leasing #regulatorycompliance #sbaloans ...