Trust That Is Not A Party To Loan Cannot Sue For Debt Collection Law Violations

Mealey's (May 9, 2022, 1:58 PM EDT) -- SAN FRANCISCO — A federal magistrate judge in California on May 4 dismissed a state fair debt collection practices law claim brought by borrowers in their capacities as trustees and beneficiaries of their living trust stemming from their lender and loan servicer’s alleged failure to properly account for payments the borrowers made on a mortgage loan, ruling that dismissal of the trust was necessary because it was not a party to the loan....