Wells Fargo Urges High Court Review Of Nevada Lien Law

Law360, New York (May 19, 2017, 5:50 PM EDT) -- Wells Fargo Bank NA has urged the U.S. Supreme Court to resolve the financial and legal uncertainty around a Nevada law that gives lien priority to homeowners associations seeking back dues in foreclosure, telling the high court that it should affirm a Ninth Circuit decision invalidating the law.

The bank asked the court in a May 16 brief to grant the petition for a writ of certiorari sought by Bourne Valley Court Trust, a Nevada-based property trust that has battled the bank over the law's provisions allowing homeowners associations to bypass the courts and initiate foreclosure proceedings without requiring mortgage lenders...

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