Mortgage Electronic Registration Systems (MERS) seeks dismissal of Delaware lawsuit alleging deceptive practices

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Mortgage Electronic Registration Systems (MERS) seeks dismissal of Delaware lawsuit alleging deceptive practices

Mortgage Electronic Registration Systems (MERS) seeks dismissal of Delaware lawsuit alleging deceptive practices

When you conceal the identity of something on purpose and it’s flat out misleading, isn’t this a deceptive practice?

Daily Press-

WILMINGTON, Del. (AP) — A company that runs a nationwide electronic mortgage registry is asking a Delaware judge to dismiss a deceptive trade practices lawsuit filed by the Delaware attorney general’s office.

A Chancery Court judge was to hear arguments Wednesday on a motion by Virginia-based Mortgage Electronic Registration Systems Inc. to dismiss what it says is an absurd and baseless lawsuit.

State officials sued MERS last fall, saying it has sown confusion among consumers, investors and other stakeholders in the mortgage finance system and damaged the integrity of Delaware’s land records system.

[DAILY PRESS]

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