3rd Circuit Finds Chase Improperly Calculated Insurance Termination Date

(March 13, 2017, 10:18 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on March 9 affirmed a district court's order denying a bank’s motion to dismiss claims for violation of the Homeowners' Protection Act, finding that the court did not err in finding that the bank violated the act when it relied on a broker's price opinion to calculate the borrower's insurance termination date, rather than the original value of the home (Ginnine Fried v. JP Morgan Chase & Co., et al., No. 16-3069, 3rd Cir., 2017 U.S. App. LEXIS 4158)....

Attached Documents

Related Sections