Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Comment on "Private Transfer Fees Newly Outlawed by Eight States so far in 2011" - Source of Title/OH (1 reply)
5/16/2011 12:12:15 PM (2950 views)

[+] Zook Search Inc. turns ten years old! - Dan Zook/NY (1 reply)
5/16/2011 9:08:34 AM (3232 views)

[+] Witches attempt to "clean" houses of negative energy - Leigh Attridge/MA (2 replies)
5/15/2011 7:28:40 PM (3809 views)

Facing the Prospect of Losing a Home to flooding in Louisiana - Leigh Attridge/MA
5/15/2011 9:11:10 AM (3455 views)

[+] Hope for Owners of Cancer Stricken Pets - Kevin Ahern/CT (1 reply)
5/15/2011 7:30:35 AM (3907 views)




[+] Automatic Subordination - F P/VA (6 replies)
5/13/2011 4:20:09 PM (5858 views)

[+] Time Management at it's best- Not title related just sharing - CHARLENE  PERRY/MD (1 reply)
5/13/2011 4:19:13 PM (2909 views)

[+] How are people from other countries doing it? - Carrin/TX (4 replies)
5/13/2011 11:23:27 AM (3300 views)

[+] I cannot answer my phone! - Robert Franco/OH (7 replies)
5/12/2011 3:30:15 PM (3366 views)

[+] 1 in 3 homeowners underwater? - Garret  Fitzgerald/VA (16 replies)
5/11/2011 12:07:14 PM (4192 views)

[+] Round the Clock Docs - Sandra Harold/KS (3 replies)
5/11/2011 11:35:38 AM (5413 views)

Fed Retreat on Bigger Loans Rattles Housing - Leigh Attridge/MA
5/11/2011 9:35:18 AM (3307 views)

[+] No Mortgage Modification for me! - Paula Reynolds/FL (3 replies)
5/10/2011 5:56:32 PM (3027 views)

[+] Comment on "Another County Looks to Recover Lost Fees from MERS" - Source of Title/OH (1 reply)
5/10/2011 2:59:01 PM (2852 views)

[-] What is Reasonable? - Carl Litchfield/SC (6 replies)
5/9/2011 7:54:04 PM (3005 views)
Re: What is Reasonable? - Jessica Talley/FL
5/10/2011 9:02:44 AM (3227 views)
Re: What is Reasonable? - Donna McCullough/SC
5/10/2011 9:06:42 PM (3209 views)
Re: What is Reasonable? - Kevin Ahern/CT
5/11/2011 8:27:04 AM (3256 views)

You have to be careful about assessing late charges. The law permitting them is state specific. In Connecticut you can not charge interest/ late fees unless there is a statute that permits it or you have a contract with the client that permits it.

You also have to be mindful of usuary laws in the forum state. Although I think that a commercial transaction such as you describe is not subject to these laws, it would be a good idea to consult the law of the forum state. In Connecticut usurious interest/late charges make both the principal and the late charge uncollectible.

In terms of collection...don't waste your time with collection agencies. All they can do is make threatening telephone calls which are limited by the Fair Credit Collection Act and write annoying letters. You are better off serving the client with a summons. Most of the time it is enough to get you paid, and you do not have to go to the expense of litigation. Sometimes just sending them a copy of the summons with a cover letter explaining that you will serve it if you are not paid is enough, but be prepared to follow through with serving it. There is something impressive about a marshal appearing in their place of business, flashing a badge and serving the papers.

Publishing your complaint on the internet or other media is not a good idea. It could lead to an ugly and expensive defamation or trade libel suit. While the truth of the statement is a defense, you would still have to go through the expense and aggtavation of defending yourself. By contrast the same statements that may be defamatory are covered in most states by a qualified/conditional privilege when alleged in a civil action. Statements made in court pleadings, depositions and testimony do not give rise to suits for defemation. However, the key word is qualified/conditional privilege. The privilege can be lost by over publication in the media. We had an ugly divorce case here in Connecticut a few years ago which apparently gained a high profile in the media. One of the litigants chose to publish remarks in the media while the case was pending, and lost the privilege through over publication.

 

to post a reply: login - or - register


Re: What is Reasonable? - Carl Litchfield/SC
5/11/2011 11:31:16 AM (3162 views)
Re: What is Reasonable? - Dan Zook/NY
5/11/2011 3:08:17 PM (3155 views)
Re: What is Reasonable? - Janis Talbot
5/16/2011 9:14:12 AM (3053 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Home buyers are more active this fall.....
Michael Stelzer's Blog
2025/11/27
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Purlin and Final Offer Merge to Create Real Estate's First AI Platform Unifying Real Estate, Mortgage, and Title
Purlin®, the AI platform powering enterprise real estate operations, and Final Offer™, the industry's only co...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Application volume was down last week, led by a 14 percent drop in purchase applications. Winter Storm Fern likel...
Home Prices Increased in 73% of Metro Areas in Fourth Quarter of 2025
Home prices rose in 73% of metro markets (168 out of 230) during the fourth quarter of 2025, according to the National A...
NAR Opens Applications for 2026 Good Neighbor Awards
“Service is at the heart of what it means to be a REALTOR®,” said NAR President Kevin Brown. “The...
Advocus National Title Insurance Company Announces Expanded Leadership Team to Support National Growth of Attorney-First Underwriting Platform
Advocus National Title Insurance Company (Advocus), an attorney-focused national title insurance underwriter and industr...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.