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Home / IBR Headlines / Idaho Supreme Court rules on loan transfer (access required)

Idaho Supreme Court rules on loan transfer (access required)

The Idaho Supreme Court has weighed in on the nationwide mortgage banking industry’s system of registering and tracking loans. The court, in a Jan. 25 decision, found the system to be valid in an instance involving a Coeur d’Alene homeowner whose loan was transferred and foreclosed. The Mortgage Electronic Registration System (MERS) acts as the lender’s designated agent ...

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