Entries by Marc Gelinas

Can Margill software be used for HOA (Home Owners Association) collections along with the interest calculation?

Q: Can Margill software be used for HOA (Home Owners Association) collections along with the interest calculation? A: Yes, very easily without needing an agency to do these calculations. Many law firms and accountants are tasked with collecting HOA assessments and find it time consuming with a risk or error when this is done by […]

How to change the Windows Short date format

Margill prefers a date format that contains 4 digits for the year. This is especially important for calculations that may (if these still are out there!) predate the year 2000. How to change the Windows Short date format: Windows 10 gives you various ways to change the short date format (Control Panel or Settings) 1) […]

Replacing LIBOR – Are you Thinking About This $200 Trillion Dollar Problem With Your Contracts?

Darren Gold, VP at UnitedLex Corp., wrote an interesting article about the London Interbank Offer Rate (LIBOR) which is used all over the world as the reference for a great number of loan contracts.  The UK’s Financial Conduct Authority recently declared that it would no longer require banks to submit the data that enabled LIBOR […]

Predatory Lending Practices: How “Confession of judgment” documents turned New York’s court system into a debt-collection machine…

How an obscure legal document called a “Confession of judgment” turned New York’s court system into a debt-collection machine that’s chewing up small businesses across America. Source: Bloomberg, November 20, 2018 Story by Zachary R. Mider and Zeke Faux Although not allowed in most states, a “confession of judgment” signed by the borrower allows a creditor, without proof, […]