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Home / Opinion Digests / Origination Fee Dispute Insufficient for Diversity (access required)

Origination Fee Dispute Insufficient for Diversity (access required)

The Richmond U.S. District Court sua sponte remands a borrower’s complaint seeking damages for excessive origination fees after the parties failed to show the amount in controversy could plausibly exceed $75,000 as required by Bell Atlantic v. Twombly, and Ashcroft v. Iqbal. In 2005 borrower, a Virginia resident, obtained a $108,000 refinance loan from affiliated ...

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