Borrowers Ask 9th Circuit To Rehear Arguments Over Escrow Interest Payments

Mealey's (November 11, 2020, 11:09 AM EST) -- SAN FRANCISCO — Borrowers who claim that JP Morgan Chase Bank NA violated California law by failing to pay interest on escrow accounts on Nov. 6 told the Ninth Circuit U.S. Court of Appeals that it should rehear their arguments because a divided panel majority’s holding that their claims are preempted by the Home Owners Loan Act of 1933 (HOLA) conflicts with precedent set by the U.S. Supreme Court....