On January 10, 2025, the Maryland Office of Financial Regulation issued emergency regulations revised to clarify that “passive trusts” holding residential mortgage loans must obtain a Mortgage Lender License and if the trusts...more
On May 22, 2015, in Madden v. Midland Funding, LLC (“Madden”), the United States Court of Appeals for the Second Circuit held that the application of state usury laws to third-party assignees is not preempted by the National...more
6/9/2015
/ Appeals ,
Assignees ,
Banking Sector ,
Consumer Lenders ,
Debt Buyers ,
Interest Rates ,
Loans ,
Midland Funding ,
National Bank Act ,
Preemption ,
Usury