Saturday, November 1, 2008
Katz v. The Dime Savings
Katz v. The Dime Savings Bank, FSB, 992 F.Supp. 250 (W.D.N.Y. 1997) - Pattern or practice of noncompliance is required to support statutory damages under the Servicer Act, 12 U.S.C. ' 2605, which governs the servicing of federally related mortgage loans. The parties were ordered to brief the court on how damages should be awarded under this standard.
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