Click Fraud Protection Bank of America Gets Pushback in Bid to End MD Escrow Interest Suit - Tycko & Zavareei LLP
Tycko & Zavareei LLP Logo

Bank of America Gets Pushback in Bid to End MD Escrow Interest Suit

Date Published

Aug 11, 2021

Publication

Law360

Law360 (August 10, 2021, 6:17 PM EDT) — On August 9, 2021, Plaintiff Cynthia Clark continued to hold Bank of America NA (BofA) accountable to its legal obligation to pay interest on an escrow account associated with a mortgage loan under Maryland law. In a brief filed in the U.S. District Court for the District of Maryland, Clark pushed back against Bank of America’s attempt to obtain a summary judgment in the case.

Tycko & Zavareei LLP Partner Anna C. Haac said about the case, “The Court has held that Bank of America must comply with crystal-clear Maryland law requiring it to pay consumers interest on their mortgage escrow payments. Yet, as alleged in our summary judgment briefing, Bank of America has refused to do so, in violation of Maryland law and the Court’s order. We will continue to fight on behalf of consumers to ensure Bank of America follows the law.”

The case is Clark v. Bank of America NA, case number 1:18-cv-03672, in the U.S. District Court for the District of Maryland.

 

Read More

Contact Us

We look forward to hearing from you.

          • This field is for validation purposes and should be left unchanged.