Seventh Circuit Court of Appeals Dismisses Illinois Recording Fee Case Against MERS

February 13, 2014

Mason County alleged that MERSCORP and MERS were unjustly enriched because the entities did not pay recording fees when promissory notes were transferred. In dismissing the lawsuit, judge Richard A. Posner wrote that MERSCORP and the banking industry is not required to "adopt a system of mortgage protection that generates revenues for a state or local government."

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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.