Homeowners Get More Time In PNC Lender Kickback Suit

Law360, Philadelphia (January 10, 2017, 9:40 PM EST) -- A Pennsylvania federal judge on Tuesday allowed homeowners accusing a PNC Bank predecessor of accepting kickbacks for referring mortgage customers to insurers to modify their class action complaint to skirt a one-year statute of limitations under the Real Estate Settlement Procedures Act.

U.S. District Judge Lawrence Stengel said he was persuaded by arguments suggesting the “continuing violations” doctrine applied to RESPA, and that the statute of limitations was not triggered at the date of closing on a home purchase.

“Defendants violated RESPA — assuming the veracity, at this stage,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.