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Seventh Circuit upholds MERS’ system
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Court Report
Tuesday, February 11, 2014
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Following a previous decision in favor of MERS, the 7th U.S. Circuit Court of Appeals upheld MERS’ system. The plaintiff in the case, Macon County, argued that MERS’ refusing to pay recording fees when the promissory notes are transferred results in the defendants being unjustly enriched. Read on for more details.
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