9th Circuit Panel Denies Borrowers 2nd Bite At Apple In HOLA Preemption Suit

(January 22, 2021, 10:46 AM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on Jan. 4 denied petitions for rehearing and rehearing en banc filed by borrowers who claim that JP Morgan Chase Bank NA violated California law by failing to pay interest on escrow accounts and that a divided Ninth Circuit panel majority’s ruling that the borrowers’ claims are preempted by the Home Owners Loan Act of 1933 (HOLA) conflicts with precedent set by the U.S. Supreme Court....