BREAKING NEWS! … Plus a little Op-Ed!
This just in!
The audacity of the Connecticut State Legislature … creating legislation that structured a two-tiered fee system against MERSCORP Holdings, Inc. and its “baby bastard” MERS!
The Connecticut Supreme Court has just affirmed an appellate court’s ruling that MERSCORP and its illegitimate child are still required to pay higher recording fees because they call MERS a “nominee” for the lender! Things just can’t seem to get any better since MERS and its parent (who seems to let the child bully anyone it wants to with its legal war chest) got their asses handed to them last December in Tennessee in the Ditto case. Read the Connecticut Supreme Court’s Decision here: MERSCORP Holdings Inc. v Malloy et al_2016-sc19376. It’s in pdf format, so you’ll need Adobe Acrobat Reader to view it.
It is a bit disconcerting that the State of Connecticut’s legislature amended the statute to include a “nominee operating a national electronic database to track residential mortgage loans”, thus giving MERSCORP Holdings, Inc., owner of the MERS® System, private latitude for its users to record documents in the public land records on its behalf.