Courts in Brief

摘要

The U.S. Court of Appeals for the Eighth Circuit has again ruled that certain fees imposed on a second mortgage loan violated Missouri state law after vacating an earlier opinion on rehearing. (Washington v. Countrywide Home Loans, No. 10-1340, 2011 WL 3962831 (8th Cir.(Mo.J), September 9, 2011; for background, see Current Developments, Vol. 39, No. CD-3, p. 93.) The court held that a $60 document processing/delivery fee violated the Missouri Second Mortgage Loan Act (MSMLA) and that $37.80 in prepaid interest collected by the lender was an additional violation.