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Justia Weekly Opinion Summaries

Banking
January 31, 2020

Table of Contents

CIT Bank N.A. v. Schiffman

Banking, Real Estate & Property Law

US Court of Appeals for the Second Circuit

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Banking Opinions

CIT Bank N.A. v. Schiffman

Court: US Court of Appeals for the Second Circuit

Docket: 18-3287

Opinion Date: January 28, 2020

Judge: Robert A. Katzmann

Areas of Law: Banking, Real Estate & Property Law

In a foreclosure action, the Second Circuit certified the following two questions to the New York Court of Appeals: (1) Where a foreclosure plaintiff seeks to establish compliance with RPAPL 1304 through proof of a standard office mailing procedure, and the defendant both denies receipt and seeks to rebut the presumption of receipt by showing that the mailing procedure was not followed, what showing must the defendant make to render inadequate the plaintiff's proof of compliance with section 1304? (2) Where there are multiple borrowers on a single loan, does RPAPL 1306 require that a lender's filing include information about all borrowers, or does section 1306 require only that a lender's filing include information about one borrower?

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