Consumer Law : Mortgage Servicer Defendants – Recording Requirement – Minnesota Law

Where Minnesota counties filed a class action against loan originators and servicers claiming that the lenders’ use of the Mortgage Electronic Registration System deprived counties of recording fees on mortgage assignments by allowing parties to bypass recording with the counties, the lenders’ motion to dismiss is affirmed because the district court properly found that the Minnesota Recording Act does not impose a mandatory recording requirement for all mortgages and subsequent assignments.

Judgment is affirmed.

County of Ramsey v. MERSCORP Holdings, Inc. (MLW No. 67267/Case No. 13-3026 – 6 pages) (U.S. Court of Appeals, 8^th Circuit, Shepherd, J.) Appealed from U.S. District Court, District of Minnesota, Doty, J. (Kevin Christopher Quigley and Tom Foley, St. Paul, Minnesota, and Christian P. Siebott, New York, and Jeffrey David Lerner, New York, for appellants) (Timothy D. Kelly, Minneapolis, Mark Gregory Schroeder, Minneapolis, Thomas James Lallier, Minneapolis, Charles F. Webber, Minneapolis, Robert Pratte, Minneapolis, Peter William Carter, Minneapolis, Todd Noteboom,  Minneapolis, Thomas William Pahl, Minneapolis, Andre Timothy McCoy Hanson, Minneapolis, David R. Crosby, Minneapolis, Robert Bruce Allensworth, Boston, David M. Aafedt, Minneapolis, Thomas Hefferon, Washington, D.C., Bryant D. Tchida, Minneapolis, Kevin Martin Decker, Minneapolis, Lance W. Lange, Des Moines, Iowa, Brandon Bradshaw Cate, Springdale, Arkansas, Joseph Russell Falasco, Little Rock, Arkansas, Will Stute, Minneapolis, Joseph Yenouskas, Washington, D.C., Eric R. Sherman, Minneapolis, Daniel W. Huitink, Phoenix,  Joseph Michael Windler, Minneapolis, Brian M. Forbes, Boston, Lucia Nale, Chicago, Elizabeth A. Frohlich, San FranciscoAllyson Newton Ho, Dallas, Robert M. Brochin, Miami, Gregory J. Marshall, Phoenix, Arizona, Thomas V Panoff, Chicago,  Andrew R. Louis, Washington, D.C., Matthew P. Previn,  New York, Cameron Alexander Lallier, Minneapolis, Erin L. Hoffman, Minneapolis, Matthew C Murphy, Minneapolis, Sonya Braunschweig, Minneapolis, Leaf Dilts McGregor, Minneapolis,  Ryan M. Tosi  Boston,  Brendan Radke of San Francisco, Todd S. Kartchner, Phoenix, Arizona, for appellees.

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