News
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 […]
Margill Webinar
The Margill Team is proud to formally announce the release of Margill Loan Manager 4.4. It is a really impressive version with a host of new features. Here are the six most important improvements: Blocking historical transactions Alerts: Use templates with merged data to send automatic emails and Mail to SMS to borrowers (example: upcoming […]
Margill Solutions – Top 10 Retail Banking Solution Providers of 2018 in Banking CIO Outlook
The Margill team is proud to be one of the Top 10 Retail Banking Solution Providers of 2018 in Banking CIO Outlook magazine. To help CIOs, CFOs, and CEOs find the right solutions for their retail banking initiatives, a distinguished panel comprising CEOs, CFOs, analysts, and Banking CIO Outlook’s editorial board has selected the top […]
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, […]
Margill wins the MercadOr Export Award
Every year since 1999, the MercadOr award is presented to exporting companies in every region of the province of Quebec. Six companies were awarded a MercadOr for the region of the Laurentians last October 11th (See article in French here). Among them, our company Jurismedia / Margill software was one of the finalists. Marc Gélinas, […]
Early payoff – How to do this in Margill Loan Manager
Q: How to do an early payoff in Margill Loan Manager A: For example, the loan term was originally for 5 years or 60 months (so end date was in June 2020). The borrower calls you, the creditor, and wishes to payoff his/her loan early, on October 12, 2018. Original payment schedule: I first […]
Welcome to our new clients!
The Margill Team is proud to announce the addition of 2 new customers, one in the US and one in UK. Please take a minute to visit their websites. and
The Sun Shines for Lenders – Solar Power in the Court of Appeal
Summary: Canada Interest Act. This decision from the Ontario Court of Appeal shows the importance for lenders to state in their loan and promissory note documents, interest rates and even penalties on a annual basis, as opposed to daily or other equivalent interest rate. Find out more here