Split Panel Affirms Dismissal Of UCL Suit Against Unlicensed Mortgage Lender

(November 6, 2023, 1:21 PM EST) -- SAN DIEGO — A split California appellate panel on Nov. 3 affirmed the dismissal of a couple’s putative class action against a mortgage lender that issued them a $550,000 home loan while unlicensed to issue loans in California, ruling that the couple failed to plead an injury establishing standing under California’s unfair competition law (UCL), while a dissenting justice said the couple’s UCL claims were sufficiently pleaded....