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Home » Store » News » NJ High Court to Review Ruling on AMTPA Preemption of Prepay Law

NJ High Court to Review Ruling on AMTPA Preemption of Prepay Law

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The New Jersey Supreme Court has agreed to review a lower court ruling that industry attorneys say ignored precedent by striking down federal preemption of state laws prohibiting prepayment fees. The court also has allowed the National Home Equity Mortgage Association and the American Bankers Association to file friend-of-the-court briefs opposing the lower court decision.
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