New York and New Jersey Consumer Finance Litigation Lawyer
In consumer finance litigation, lenders, such as banks and other financial institutions, find themselves opposing individual borrowers in cases regarding their debts. These are cases that must be approached sensitively, as New York and New Jersey are protective of consumers and private, residential mortgages.
The highly experienced attorneys at Knuckles and Manfro, LLP, bring more than 100 years of combined service to bear for mortgage companies, banks and lenders of all types. Their particular focus in default servicing and litigation allows the team to provide a high standard of service to clients in these high-stakes, highly volatile situations.
What Are Key Compliance Risks For Lenders?
One of the primary compliance risks for lenders is overstepping the clear legal boundaries set in collections, loan servicing, payment processing and data privacy. New York and New Jersey’s borrower-friendly laws aim to protect the individual consumer at the expense of lenders, but that does not mean you have no recourse to collect delinquent debts. It simply means that working with the experienced attorneys at Knuckles and Manfro, LLP, may make the process smoother and more likely to succeed.
When Do Lenders Typically Face Consumer Finance Litigation?
The greatest reason for lenders to face finance litigation is if their borrowers discover irregularities in their documentation and payment history. Typically, this may come from origination or payment processing errors. There is also considerable room for problems with unauthorized charges and fees applied to accounts without proper justification.
Another major area of potential litigation is in foreclosure or repossession actions. If the steps of foreclosure are not closely followed, the consumer has considerable standing to halt the process and, in worst-case scenarios, potentially recover damages.
Insight And Experience In Lender Litigation
Finance litigation is a complicated part of the law. Knuckles and Manfro, LLP‘s extensive experience in this specific type of legal battle pays dividends for clients seeking to resolve disputes quickly and efficiently. Reach out today by calling the firm at 914-345-3020 or sending an email using this form.