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OCC Rule Affirms Valid-When-Made Doctrine

June 8, 2020 By Nanci Weissgold and Stephen Ornstein

A&B ABstract: On May 15, the Office of the Comptroller of the Currency  (“OCC”) issued a final rule, effective August 3, 2020, addressing the “valid-when-made” doctrine.  The rule clarifies that the interest rate on a loan originated by a national bank or federal savings association, if permissible at the time of origination, will continue to be […]

Filed Under: Circuit Court Decisions, Mortgage Loans Tagged With: #OCC, #validwhenmade

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