Borrowers’ complaints alleging their mortgage servicers breached loan contracts and the implied covenant of good faith and fair dealing by charging “inflated amounts” for “force-placed” or “lender-placed” insurance and...more
10/17/2018
/ Borrowers ,
Covenant of Good Faith and Fair Dealing ,
Dismissals ,
Filed-Rate Doctrine ,
Forced-Placed Insurance ,
Homeowner's Insurance ,
Kickbacks ,
Lender-Placed Insurance ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Regulatory Standards
Where an insurance policy contains a “per occurrence” limit on coverage, New York courts apply what they call the “unfortunate event” test to determine how many “occurrences” are involved in a given claim or set of claims. ...more