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.