Pa. Justices Won't Extend New Fee Protections To Old Loans

By Matt Fair (August 18, 2020, 4:37 PM EDT) -- The Pennsylvania Supreme Court agreed on Tuesday that amendments to a state law raising the monetary ceiling on mortgages entitled to protection from excessive legal fees in foreclosure proceedings could not be applied retroactively as part of a class action against Phelan Hallinan & Schmieg LLP.

In a unanimous decision, the justices ruled that an amendment to the state's Loan Interest and Protection Law upping the ceiling on loans qualifying for protection under the statute from $50,000 to nearly $220,000 did not apply to loans made before the change went into effect in 2008.

As a result, the court said that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!