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Home / Opinion Digests / Consumer Protection / Consumer Protection – Pressure on appraisers backs inducement (access required)

Consumer Protection – Pressure on appraisers backs inducement (access required)

Where mortgage and appraisal companies pressured home appraisers to raise values in order to obtain higher loans, a class of plaintiffs was granted summary judgment on its claim for unconscionable inducement under the West Virginia Consumer Credit and Protection Act. Background Plaintiffs are a class of “all West Virginia citizens who refinanced” 2,769 mortgages with defendant Quicken ...

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