The Third Circuit Court of Appeals recently affirmed the dismissal of a RESPA class action against JPMorgan Chase Bank, despite rejecting the bank’s arguments that the act’s statute of limitations runs only from the mortgage closing – not from each subsequent premium payment.
In holding that the suit was untimely, the Third Circuit split with other courts which had calculated the statute of limitations for RESPA claims from the date of the loan’s closing.
Read on to see what Weiner Brodsky Kider PC’s Mitch Kider told RESPA News about the ruling’s possible impact on the industry.
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