There is a growing body of evidence that stands for the proposition that the banks and shadowy trust companies sweeping across our nation to take homes are not in fact exempt from state banking and business regulation. I have posted the Cuomo and Watters Supreme Court cases, but below is a very interesting letter from the Office of Comptroller and Currency which makes an even more compelling presentation of the facts.
Quite simply, we must continue to challenge the shadowy, unidentified anonymous entities that are filing suits and taking homes from Americans…..this letter should become a regular part of your research and pleading.
The impact of this cannot be understated. If the trusts are indeed required to register, they will be subjected to scrutiny that they probably cannot withstand. At a minimum the issue should prevent summary judgment…the larger consequences are potentially very wide reaching. I have previously cited the sections of the Florida Banking Code and trust registration statutes that require the payment of fees to the state and formal registration. The question is why are our state officials ignoring revenue and regulatory action on these trusts?
OCC Letter of Guidance here.
DEUTSCHE BANK—NOT PREEMPTED–LETTER FROM SENIOR COUNSEL OF THE OFFICE OF THE COMPTROLLER OF THE CURRENCY-…
