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Daily Archives: Monday, March 11, 2019

Posted: March 11, 2019

Court Clarifies Rules Regarding Accrual of RMBS “Failure to Notify” Put-Back Claims

On February 15, 2019, Justice Friedman of the New York County Commercial Division issued a decision in HSBC Bank USA, N.A. v. Merrill Lynch Mtge. Lending, Inc., 2019 NY Slip Op. 30358(U), clarifying the rules for the accrual of RMBS failure-to-notify put-back claims, explaining: The court adheres to its holding that accrual of a failure to... Read more »