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California Courts of Appeal

Aug. 12, 2011

Suit against mortgage lender reinstated

A state appellate court on Wednesday revived a potential class action against a mortgage lender.

By Laura Ernde
Daily Journal Staff Writer

A state appellate court on Wednesday revived a potential class action against a mortgage lender.

Plaintiffs' attorneys alleged that Home Loan Center Inc. didn't inform borrowers that the amount of their loan would balloon if they paid only the minimum amount required during the early years of the loan.

Orange County Superior Court Judge Gail A. Andler dismissed the suit on demurrer, saying the terms of the loan were sp...

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