bank of america 05Mass. homeowners sue Bank of America over mortgage discharge records

 

This is a reuters.com article.

By Dena Aubin

 

Bank of America has been hit with a proposed class action accusing it of violating Massachusetts law by not promptly notifying county land offices when mortgages were paid off, leaving a cloud over homeowners’ titles.

Filed last week in Boston federal court, the lawsuit seeks damages for thousands of Massachusetts property owners whose mortgage pay-offs were not recorded within 45 days of their final payment, in violation of the state’s Mortgage Discharge Law.

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