BofA Says Allegedly Excess Insurance Policies Were Proper

Law360, New York (October 29, 2012, 3:59 PM EDT) -- Bank of America NA on Monday urged a judge to dismiss a putative class action claiming it forced a New York homeowner to buy more hazard insurance than her mortgage agreement or federal law required, saying her agreement allowed the bank to buy the insurance on her behalf.

The bank also said the insurance rates it charged Marla Lugo for the hazard insurance were filed with and approved by New York state insurance regulators. That means all of her claims, which include breach of contract, breach...
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