11th Circ. Backs Wells Fargo Win In Mortgage Transfer Case

Law360, New York (May 23, 2013, 7:49 PM EDT) -- The Eleventh Circuit on Thursday dismissed a proposed class action brought by a mortgage holder who claimed Wells Fargo Bank NA violated the Truth in Lending Act by failing to notify her of a transfer in ownership of her mortgage loan.

In an unpublished per curium opinion, a three-judge panel found that a federal judge was correct when she ruled that Wells Fargo was not obligated to provide notice of transfer and dismissed the suit. The panel ruled that because the transfer of the mortgage to...
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