New Mexico Sets Rules To Launch Pandemic Debt Collection
Morgan Lee, Associated Press
New Mexico’s state court system is taking steps to ease financial pain as consumer debt comes due along with consequences for mortgages that went unpaid during the COVID-19 pandemic. The Administrative Office of the Courts on Monday announced staggered deadlines for a return to debt collection orders that can be used to garnish wages or seize property to pay off consumer debt.
Common forms of consumer debt are linked to credit card spending and medical expenses. The judiciary also won t allow mortgage lenders to foreclose on properties without first providing homeowners with a list of other options, including forbearance that reduces or suspends loan payments temporarily.
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Texas
United-states
Nevada
Roosevelt-county
New-mexico
Los-alamos-county
Ojo-caliente
Oregon
University-of-new-mexico
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Coahuila-de-zaragoza
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