Christopher Greenidge

Christopher Greenidge

McGlinchey Stafford

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New York Interest-On-Escrow Law Preempted by National Bank Act

On September 15, 2022, the U.S. Court of Appeals for the Second Circuit ruled in Cantero v. Bank of Am. that the National Bank Act (NBA) preempts a New York law requiring mortgage lenders to pay interest on mortgage escrow...more

10/10/2022  /  Bank of America , Bank Secrecy Act , Dodd-Frank , Escrow Accounts , Mortgage Interest , Mortgage Lenders , National Bank Act , New York , Premiums , Truth in Lending Act (TILA)
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