Judge Finds Woman Adequately Alleged Loan Servicer Is Debt Collector

CHICAGO - A federal judge in Illinois on March 19 refused to dismiss a woman's claim that her loan servicer violated the Fair Debt Collection Practices Act (FDCPA) by charging excessive and illegal fees in connection with her mortgage loan and misapplying her payments because she adequately alleged that the loan servicer satisfied the statute's definition of a debt collector (Lauretta Grady v. Ocwen Loan Servicing LLC, et al., No. 11-cv-1531, N.D. Ill.; 2012 U.S. Dist. LEXIS 36188).

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