Matrix Financial Services Corp, v. Fraser

Unauthorized Practice of Law by Lenders Precludes Equitable Remedy Including Foreclosure


South Carolina Supreme Court Ruling that determined that a lender cannot pursue an equitable remedy such as foreclosure if its conduct constituted the Unauthorized Practice of Law...meaning title, title review, document preparation and the close of escrow must all be performed by, or reviewed by licensed attorneys

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Reference Info:Pleadings | State, 4th Circuit, South Carolina | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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