A Virginia mortgagor filed a class action RESPA lawsuit against his servicer’s successor-in-interest related to the successor’s failure to timely pay city property tax from funds deposited into the escrow account.
A federal court granted the successor’s motion to dismiss.
However, the Fourth Circuit Court of Appeals recently reversed the lower court’s decision after the Consumer Financial Protection Bureau filed an amicus brief in support of the appellant. Read on for details.
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