Mealey's Banking & Finance - Judge Grants Dismissal, Finds 25-Acre Property Was Exempt From RESPA

Mealey's Banking & Finance - Judge Grants Dismissal, Finds 25-Acre Property Was Exempt From RESPA

DAYTON, Ohio - An Ohio federal judge on June 5 dismissed a former property owner's claims against loan servicers for violation of the Real Estate Settlement Procedures Act (RESPA), finding that the property was exempt from RESPA requirements because it was more than 25 acres and that the court lacked jurisdiction over his breach of contract claims (Michael Hoy v. Aurora Loan Services LLC, et al., No. 3:16-cv-502, S.D. Ohio, 2017 U.S. Dist. LEXIS 85999).

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