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Evansville City staff to report on delinquent loans, collections process after multiple defaults
Summary
Board members discussed delinquent loans in the city’s revolving loan portfolio, confirmed collections processes and directed staff to report back with status and recommendations on accounts now in collections.
Board members discussed several delinquent loans in the city’s revolving loan portfolio and directed staff to compile a collections status report and recommendation on uncollectible accounts.
Bridal, a staff member who manages loan tracking, reported that two loans recently were paid off by Black Chat Media and that two other loans are delinquent and have not yet been referred to the city attorney. A board member asked specifically about…
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