LAW 360-
A Pennsylvania appeals court has upheld the dismissal of a proposed class action against Phelan Hallinan & Schmieg LLP over foreclosure-related legal fees, agreeing Friday that expanded statutory protections against excessive charges were enacted too late for the couple filing the suit.
The Superior Court agreed in a published decision that amendments to the state’s Loan Interest and Protection Law which raised the ceiling on the size of mortgage loans qualifying for protection under the statute from $50,000 to nearly $220,000 did not apply to loans made before the changes went…
[LAW 360]
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