Montgomery County’s recorder of deeds on Tuesday said she is going after about $15.7 million she claims is owed to the county by an electronic mortgage registry company and banks doing business with that company.
“I am filing a class action lawsuit against MERS (Mortgage Electronic Registry System) and the banks using MERS for failing to record certain mortgage assignments and, therefore, not paying the required fees,” recorder Nancy J. Becker said.
Becker said the lawsuit will claim the failure to file these transfers with appropriate recorder offices is an attempt to illegally circumvent the payment.
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