Judge Holds HOLA Preempts Foreclosure-Related Claims Against Wells Fargo

Mealey's (December 3, 2018, 9:30 AM EST) -- SACRAMENTO, Calif. — A California federal judge on Nov. 29 dismissed numerous claims asserted by borrowers against lenders in relation to a foreclosure of their property, holding that all of their claims were preempted by the Home Owners Loan Act (HOLA) (Josefino R. Galang, et al. v. Wells Fargo Bank, N.A., et al., No. 2:18-cv-01640, E.D. Calif., 2018 U.S. Dist. LEXIS 201768)....