Insights

Second Circuit Holds That RESPA Compliance Letter Was Subject to FDCPA

The United States Court of Appeals for the Second Circuit recently held that a mortgage loan servicer’s...

Bank Officers May Be Liable for Poor Loan Decisions Under a Theory of Negligence

The United States Court of Appeals for the Fourth Circuit recently vacated a lower court’s grant of...

Amendments to Article 9 of UCC Impose New Requirements for UCC Financing Statements

A law recently signed by the Governor (P.L. 2015, c.59) established new requirements for the effectiveness of...

NJ App. Div. Holds Wages Due to Employees on Date of Levy are Exempt from Lien on Debtor’s Bank Acct

On May 8, 2015, in a decision approved for publication, the New Jersey Appellate Division held that...

U.S. Supreme Court Holds Borrowers’ Written Notice Within 3 Years of Closing Sufficient to Rescind

On January 13, 2015, the United States Supreme Court held that a borrower may properly exercise his...

NJ Appellate Division Makes Two Significant Holdings in Servicer/Mortgagee Case

New Jersey Appellate Division Makes Two Significant Holdings in Servicer/Mortgagee Case The Timely Delivery of Note and Mortgage Afforded...

Court Holds Mortgagee-In-Possession May Be Liable For Failure to Maintain Property

NJ Appellate Division Holds That Mortgagee-In-Possession May Be Liable For Failure To Maintain Debtor’s Real Property Or...

NY Appeals Court Reaffirms “Separate Entity” Doctrine, No Garnishment of Funds in Foreign Accounts

Court of Appeals Reaffirms the “Separate Entity” Doctrine and Prevents Garnishment of Funds Held in Foreign Accounts...

NJ Supreme Court Holds That a Non-Customer’s Negligence Claim Against a Bank is Precluded by the UCC

New Jersey Supreme Court Holds That a Non-Customer's Negligence Claim Against a Bank is Precluded by the...