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Home » Store » News » Ruling Places Captive Re Arrangements at Risk, Court Says Monetary Harm Not Needed to Sue

Ruling Places Captive Re Arrangements at Risk, Court Says Monetary Harm Not Needed to Sue

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A borrower need not suffer monetary damages in order to sue for violation of and recover treble damages under the Real Estate Settlement Procedures Act, according to the U.S. Court of Appeals for the 3rd Circuit. In Alston v. Countrywide Financial Corp., the 3rd Circuit reversed a Pennsylvania district court decision that aligned with previous court rulings that consumers should have been...
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