Partner Joy Harmon Sperling and associate Clara Son authored a March 14 New Jersey Law Journal article, "Borrower Need Not File Suit," outlining a Third Circuit ruling on the timeliness of a borrower's rescission action. The court found that since a notice of rescission was sent within the Truth in Lending Act's mandated three-year period the rescission could stand, even though the action itself was filed more than three years after the loan was closed. Joy and Clara write that "lenders should be mindful of the import of receiving a notice of rescission within the three-year time period after the closing on a loan. Under the court's decision, even if suit is not brought within that time frame, a later suit, grounded on a valid and timely notice, will expose the lender to the possibility of having to rescind the loan beyond that three-year mark after the closing of the loan."
Joshua Cohen and Clifford Nichols authored an article, titled, "Buyer Beware: The Bits and Bytes Could Get You," for the ABI Bankruptcy Litigation Committee Newsletter.
On January 11 and 12, Joy Harmon Sperling will be co-chairing the American Conference Institute’s 22nd National Forum on Residential Mortgage Litigation & Regulatory Enforcement.
Al Marks, Christina Parlapiano and Jennifer Neuner wrote an article, "How NY Is Fighting Back Against 'Zombie' Properties," for Law360. The article is about the new legislation called The Abandoned Property Neighborhood Relief Act that the state of New York recently enacted to ease neighborhood blight.
Alfred Marks, Christina Parlapiano and Jennifer Neuner wrote an article, "Servicers Face New Requirements on NY Vacant REOs," for Mortgage Daily. The article is about recent legislation signed into law by Gov. Andrew Cuomo to combat 'zombie' properties.
On September 20, Christina A. Parlapiano spoke before the New Jersey Bankers Association, Residential/Loan Servicing Committee Meeting to provide an update to the members on the Consumer Financial Protection Board's New Mortgage Services Rules. Attendees included individuals from numerous banks in New Jersey.
Jed Davis was quoted in a breaking news article, "New York eases proposed cyber regulations after industry complaints," published by Reuters.
Joy Harmon Sperling was featured in an article, "Rainmaker Q&A: Day Pitney's Joy Harmon Sperling," in Law360.
Stamford, Conn., August 24, 2015 - Day Pitney is pleased to announce that 68 attorneys have been selected for inclusion in the 2016 Best Lawyers in America. Best Lawyers ranks lawyers through peer-review surveys, and has been published annually since 1983.