The investor should file a written complaint with CMIC stating the grounds for the complaint and attaching thereto documents to support the claim. If CMIC finds that there is probable cause for the complaint, CMIC will commence investigation.
A default judgment is a judgment entered by a civil court when a defendant does not respond timely to a plaintiffâs lawsuit brought against him.
New Court rules are now in effect for default judgment applications in consumer credit collection cases, specifically the collection of personal credit card debt, where such applications are made to the County Clerk under CPLR 3215(a). Specific affidavits are now required from the plaintiff.