7 results found
Frost Brown Todd LLC | United Kingdom | 31 May 2011
The UK Bribery Act - radical new anti corruption law?
The UK Bribery Act was passed in April 2010 but will not become law until 1 July 2011.
Frost Brown Todd LLC | USA | 14 Mar 2011
Indiana court of appeals addresses good faith reliance on payoff statement
In a recent decision, the Court of Appeals ruled that a subsequent lender's good faith reliance on a payoff statement was sufficient to release the prior mortgage under Indiana Code 32-29-6-13, which provides in pertinent part that "a creditor or mortgage servicer may not withhold the release of a mortgage if the written mortgage payoff statement misstates the amount of the payoff and the written payoff is relied upon in good faith by an independent closing agent without knowledge of the misstatement .
Frost Brown Todd LLC | USA | 20 Jul 2010
Lender cannot add or change loan terms through internal company policy
In Federal Deposit Ins Corp v Traversari, 2010-Ohio-2406 the Eleventh Circuit Court of Appeals sided with the mortgagor in overruling the trial court's granting of summary judgment.