Court of Appeals of New York
Trust for Cert. Holders of Merrill Lynch Mortg. Invs., Inc. v. Love Funding Corp., 123
In response to a certified question from the U.S. Court of Appeals for the Second Circuit, the New York Court of Appeals answered as follows: a corporation or association that takes an assignment of a claim does not violate Judiciary Law section 489(1) if its purpose is to collect damages, by means of a lawsuit, for losses on a debt instrument in which it holds a pre-existing proprietary interest.
Appellate Information
- Decided 10/20/2009
- Published 10/20/2009
Judges
Court
- Court of Appeals of New York