MERS Petition on Fees Rebuffed by U.S. Supreme Court

A Connecticut requirement that Mortgage Electronic Registration Systems Inc. pay higher recording fees in that state was allowed to stand by the U.S. Supreme Court, opening the door for similar action by other states (MERSCORP Holdings v. Malloy, U.S., No. 15-1538, review denied 10/31/16).

In February, the Connecticut court upheld amendments to state law that require MERS—a private company that manages a major mortgage registration database—to pay recording fees that are roughly three times higher than other mortgagees.

In June, MERS asked the U.S. Supreme Court to hear its appeal, backed by banking and mortgage groups that said ...