An Ohio borrower accused his servicer of violating TILA and RESPA by failing to disclose the need for flood insurance as a condition of the mortgage loan.
The servicer argued that as a creditor, it had no obligation to advise the borrowers the property was located in a flood zone and that the seller and real estate agent are necessary parties to the lawsuit.
Read on to see why a federal magistrate denied the servicer’s motion to dismiss.
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