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NCLC, Compendium of Existing Laws That Foster Resident Ownership of Manufactured Home Communities (Nov. 2023)

This  89 page compendium of existing laws that foster resident ownership of manufactured home communities is a November 2023 document from NCLC.    It lists the citation and detailed summaries of each of these laws found in 21 states: California, Colorado, Connecticut, Delaware, Florida, Idaho, Maine, Maryland, Massachusetts, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington.


 

NCLC, No Surprises Act: What You Should Know About Surprise Billing Protections

Medical bills often arrive unexpectedly and send many families into a financial tailspin. Unanticipated out-of-network medical bills, which frequently happen during emergencies, can reach hundreds or thousands of dollars. The No Surprises Act (NSA), which passed in 2020 and went into effect in 2022, broadly prohibits out-of-network bills for emergency and certain non-emergency situations.  

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Complaint (California v. OCC, Case No. 20-cv-5200)

High-cost lenders are increasingly trying to exploit banks’ preemption rights by laundering their loans through banks to evade state rate caps. “Rent-a-bank” schemes are being used not only by online installment lenders but also auto title lenders, point-of-sale financing offered on tablets in stores, and small business loans that imperil the owner’s home. The legal landscape is messy and evolving rapidly. Federal bank regulators are weighing in with rules of questionable legality to protect rent-a-bank schemes, while state atttorneys general are starting to have success in fighting back.

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Depositions of Bank Employees re Consumer Account Recordkeeping

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Finding Pooling and Servicing Agreements for Securitized Mortgage Loans

The “Pooling and Servicing Agreement” is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans. The Pooling and Servicing Agreement can be a stand alone document or it can be part of another paper, usually called the “Prospectus.” If the securitization is public, these documents must be filed with the Securities and Exchange Commission (SEC). These filings are available to the public at http://www.sec.gov.

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ESI Discovery Requests

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Exemptions from Coverage Under Sections 4 and 5 of RESPA for Certain Subordinate Loans Provided By Assistance Programs for Low- and Moderate-Income People

Original version of an exemption for certain subordinate loans from Regulation X requirements concerning the HUD-1 settlement statement, the good faith estimate, the mortgage servicing transfer statement, and the settlement costs booklet.

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Letter from NCLC, et al. to Comptroller Thomas J. Curry (May 3, 2012)

In 2012, the OCC took a supervisory action that resulted in the elimination of two different credit features on Insight prepaid cards issued by Urban Trust Bank. The cards were being used by the payday lender CheckSmart to evade the payday loan laws of Arizona, Ohio, and other states. In one version, the consumer could opt in to overdraft coverage, resulting in “negative balance” fees on the prepaid card that effectively amounted to a $15 per $100 payday loan.

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Letter from Thomas J. Curry to NCLC, et al. (Aug. 23, 2012)

In 2012, the OCC took a supervisory action that resulted in the elimination of two different credit features on Insight prepaid cards issued by Urban Trust Bank. The cards were being used by the payday lender CheckSmart to evade the payday loan laws of Arizona, Ohio, and other states. In one version, the consumer could opt in to overdraft coverage, resulting in “negative balance” fees on the prepaid card that effectively amounted to a $15 per $100 payday loan.