[HDF]

Unfortunately regulators felt is was being abused. COJ required funders were executing the COJ when companies were not actually in default and in some cases seizing assets will above what was owed....not by a little.....A LOT. Some felt that the users of COJs were using them as a tool to grab funds from good customers that barely defaulted over and above what was owed to cover losses with customers that never paid back.

Just wait until they dig deeper and find that a funder often stacks THEMSELVES causing the default and then swoops the COJ into the courthouse. Now that will be interesting.