Bank of America to Eric Schneiderman: You Can’t Sue Us for Violations of The National Mortgage Settlement

Bank of America Stealing Homes

“In all that work and in related communications with your office, there was never any suggestion that there was any concern that Bank of America had engaged in ‘flagrant violations’ or any ‘pattern’ of violation that has now been suggested”

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BofA: Schneiderman Has No Rights to Sue

Bank of America  is pushing back against New York Attorney General Eric Schneiderman, who threatened to sue the bank over alleged violations of last year’s $25 billion mortgage settlement.

In a letter to Schneiderman this week, lawyers for the bank said the attorney general can’t sue until the bank has been given time to cure any of the alleged violations.

“Bank of America has not committed any potential violations…let alone failed to cure those potential violations,” wrote Meyer G. Koplow and Theodore N. Mirvis, attorneys from the New York law firm Wachtell, Lipton, Rosen & Katz.

Schneiderman on Monday announced his intention to sue Bank of America, the second-largest U.S. bank by assets, and Wells Fargo & Co. (WFC) for allegedly violating rules over giving fair and timely service to homeowners seeking relief under the settlement.
Schneiderman said his office found 339 violations, 129 of which he said were from Bank of America.

“As our letter to the monitor makes clear, we have the right to bring a suit against parties that violate the servicing standards and will do so,” said Damien LaVera, a spokesman for the attorney general.

Rest here…

Copy of the letter below…

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4closureFraud.org

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BOA Letter to Schneiderman

Comments
3 Responses to “Bank of America to Eric Schneiderman: You Can’t Sue Us for Violations of The National Mortgage Settlement”
  1. Acehole says:

    How much corruption to the core of OUR Gov’t & Banking Institutions can we take b4 America wakes UP? THX Sheeple for FUCKING the rest of US.

  2. BOBBI SWANN says:

    Oh yea, BOA (bank of agressors)….blah, blah, blah! We didn’t violate the agreement but do give us time to correct these atrocities and complaints. Hell, if they didn’t do anything wrong, why do they need sufficient time to correct them???? Just keep fanning that fire so that the smoke begins to cloud everyone’s mind! Never mind the lying, you’re gonna have to wear a gas mask to protect yourself from all the STENCH!

  3. Marc says:

    there was never any suggestion that there was any concern that Bank of America had engaged in ‘flagrant violations’ or any ‘pattern’ of violation that has now been suggested,” Are you kidding me?

    Every 2 weeks to a month they contact me, I contact them back at their request, go through VM and am told my ” Default Customer Relationship Manager” will return my call in one bis day. It’s been about 11 times over the last few months, never a return call yet. That’s just for starters, and I have recorded all these calls as well. Never EVER a single point of contact, Never.

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