All but one of the claims lodged by Montgomery County’s recorder of deeds alleging that Mortgage Electronic Registration Systems Inc. has circumvented Pennsylvania law requiring the recording of mortgage assignments have survived a motion to dismiss in federal court.
Since the 1990s, MERS has been named as the nominee on 130,000 mortgages in Montgomery County, Nancy Becker alleged in the putative class action she brought in the Eastern District of Pennsylvania.
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