Assuming there is a basis to declare a default, the loan documents ordinarily will permit acceleration of the entire indebtedness. Under Pennsylvania law, the borrower must be given notice of the default and the right to cure before the loan may be accelerated under “Act 6 of 1974”, or simply “Act 6.” See 41 Pa. C.S.A. § 403.
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Eric M. Hurwitz is a Partner in the office of Stradley, Ronon, Stevens & Young, LLP. He is the co-chair of the firm’s Financial Services Litigation practice group. Mr. Hurwitz’s practice is focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product. He defends both single plaintiff and class action lawsuits against banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies and other financial services institutions.
Agenda
Faculty
Eric M. Hurwitz
Stradley Ronon Stevens & Young, LLP
- Partner in the office of Stradley, Ronon, Stevens & Young, LLP
- Co-chair of the firm’s Financial Services Litigation practice group.
- Practice focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product.
- Defends both single plaintiff and class action lawsuits against banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies and other financial services institutions.
- Conducts regular seminars and workshops on numerous consumer finance topics.
- Author of publications concerning the mortgage industry, including the Fair Credit Reporting Act, Equal Credit Opportunity Act, and regulations promulgated by the Consumer Financial Protection Bureau.
- B.A., University of Texas at Austin
- J.D., Boston University School of Law
- South Jersey Biz, Best Attorneys in Business for litigation
- Contact information [email protected] or 856-321-2406
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