Class Action Over Loan Servicer’s Duty To Pay Taxes Revived By 4th Circuit

Mealey's (October 12, 2020, 8:53 AM EDT) -- RICHMOND, Va. — A Fourth Circuit U.S. Court of Appeals panel on Oct. 2 revived a man’s putative class action lawsuit accusing his loan servicer of violating the Real Estate Settlement Procedures Act (RESPA) by failing to make a property tax payment from his escrow account, finding that the loan servicer was required to make the payment on the due date even though it was before the plaintiff made his first payment on the mortgage after the servicer was assigned duties to the loan....