Supreme Court Leaves Standing Wells Fargo Win on Nevada Lien Law

The U.S. Supreme Court left standing a federal appeals court ruling that could help Wells Fargo and other major banks affected by a Nevada statute covering homeowners’ association liens (Bourne Valley Court Trust v. Wells Fargo Bank N.A., U.S., 16-cv-01208, cert. den. 6/26/17).

The decision not to take the appeal means that a conflict will persist in how those cases are handled, an attorney who handles cases driven by the statute told Bloomberg BNA. Although the justices’ action will clarify cases in federal courts, questions will plague cases in state courts, said Natalie C. Lehman, an attorney with ...