MERS Overcharge Suit Seeks Class Status
The complaint seeks to represent hundreds of thousands of mortgage borrowers across the U.S. who were subject to enforcement actions on mortgage notes held in Merscorp.'s Mortgage Electronic Registry System, according to the motion, filed in Delaware federal court.
The plaintiffs allege that since 2001, MERS breached contracts with borrowers and unjustly enriched itself when it passed on excessive legal fees to...
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