In the News
MERSCORP Holdings in the News
On February 28, 2018, the Ohio Supreme Court announced that they declined to take jurisdiction to review the Ohio Counties’ appeal of the decision from the Eleventh Appellate District Court in Geauga County, Ohio which ruled that Ohio law does not impose a duty to record mortgages or assignments of mortgages.
The Rulings in Ohio in this case are in alignment with what other courts across the country have been deciding, as MERSCORP Holdings and MERS have prevailed in lawsuits in other states that have substantially similar language in their respective statutes about the duty to record mortgages or assignments (i.e., Union County, Illinois v. MERSCORP, Inc.; Montgomery Co., Pennsylvania v. MERSCORP, Inc. ; County of Ramsey v. MERSCORP.)
“Both the trial court and the appellate court rulings in this case are consistent with the purpose and intent of the recording statute,” said MERSCORP Holdings Chief Legal Officer Sharon Horstkamp. “We are very pleased that the case which began in October 2011 is now closed with this favorably ending.”