In re New Century TRS Holdings Inc.
Mar
04
2014
Ruling
Borrower was an "unknown" creditor whose late proof of claim based on the Truth in Lending Act and Real Estate Settlement Procedures Act had to be denied absent excusable neglect.
Issue(s)
Should creditor borrower's late-filed proof of claim against debtor lender based on violations of the Truth-in-Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) be allowed due to alleged failure to receive notice of the bar date?
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Court
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