Relevant:
- Court Ruling Could Shock Entire U.S. Mortgage Industry
- Judgments give creditors great powers
- AIG Suit Against Bank of America to Be Sent to State Court - Syndication Content Article - American Banker
- Court sides with Nevada in BoA foreclosure case
- CFPB Survives Legal Attack as Court Trims Director's Power
2012-03-28 — mortgagedaily.com
The nation's regulator of consumer financial products has indicated in an appeals court filing that borrowers should be able to maintain their ability to sue a lender beyond three years in cases where required disclosures weren't provided as long as a notice of rescission was given to the lender within three years.
The lawsuit on appeal was first filed in a Colorado state court on Dec. 21, 2009, by Jean C. Rosenfield against HSBC Bank, USA.
Rosenfield originally took out a refinance mortgage on Nov. 3, 2006, with Ownit Mortgage Solutions, a subprime lender that has since gone out of business.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
