Bank of America faces more lawsuits as Texas sues Merscorp

Bank of America logo

Bank of America (BoA) faces a wave of lawsuits after Dallas County district attorney Craig Watkins followed through on his promise to sue Merscorp and its shareholders – among them BoA – over claims its mortgage-tracking system violates Texas law.

The suit, filed on September 20, alleges Merscorp Mortgage Electronic Registration Systems (Mers) has cheated Dallas County out of an estimated $58 million in uncollected filing fees since 1997.

The case has serious implications, Watkins says – if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: