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Appeals court throws curve ball in legal case against Unison
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Appeals court throws curve ball in legal case against Unison
The line between reverse mortgages and home equity sharing products got a little blurrier on Thursday when a Ninth Circuit Court of Appeals panel reversed a lower court’s dismissal order in a proposed class-action suit against Unison. The opinion found that the plaintiffs suing Unison have shown that their arrangement with the company amounts to a reverse mortgage and must follow the special statutory requirements for reverse lending products. T…
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