Man's Claims Stemming From Adjustable-Rate Mortgage Dismissed By Federal Judge

Man's Claims Stemming From Adjustable-Rate Mortgage Dismissed By Federal Judge

SAN FRANCISCO - A man's lawsuit claiming that JPMorgan Chase Bank N.A. engaged in unfair business practices in violation of California Business and Professions Code Section 17200 when offering adjustable-rate mortgage (ARM) loans to borrowers was dismissed by a federal judge in California Aug. 23, after the judge found that the man failed to state a claim upon which relief could be granted (Miguel A. Valdez v. JPMorgan Chase Bank, N.A., No. C 13-2450 SC, N.D. Calif.; 2013 U.S. Dist. LEXIS 120407).

Find full version on lexis Advance®
Access this news story on lexis.com®