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MERS Disavows Interest in Loans and Notes

MERS Disavows Interest in Loans and Notes

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Published by johngault
MERS denies any interest in loans and notes in 2004, avoids licensing requirement.
MERS denies any interest in loans and notes in 2004, avoids licensing requirement.

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Published by: johngault on Apr 13, 2011
Copyright:Attribution Non-commercial

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09/27/2012

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{
,
II
I
I
f
f
i
j
..
--
I
t-
---
I
I
I
A-04-000786
IN
THENEBRASKACOURTOFAPPEALSMORTGAGEELECTRONlCREGISTRATIONSSYS1]:IMS,INC.,Plaintiff/Appellant
vs.
NEBRASKADEPARTMENTOFBANKINGANDFINANCE,Defendant/Appellee
BRIEFOFAPPELLANT
APPEALFROMTHEDISTRICTCOURTOFLANCASTERCOUNTY,NEBRASKATheHonorableJohn
A.
ColbornPreparedandsubmittedby:JamesM.Pfeffer,#19177JosephT.Breckenridge,#21918AbrahamsKaslow
&
CassmanLLP8712WestDodgeRoad,Suite
300'
Omaha,Nebraska68114Telephone(402)392-1250AttorneysforPlaintif£'Appellant
Jrn/303151.5
 
"
TABLEOFCONTENTS
.,Page(s)TABLEOFCASESANDSTATUTES::::....
111
STATEMENTOFTHEBASISOFJURlSDICTION1STATEMENTOFTHECASE
~ : . . . . . . . . . . . . . . . . . . . . . .
1
A.
B.
C.
Nature
of
theCase
..
IssueActuallyTried
in
theCourtBelow
..
How
theIssueWasDecidedandWhatJudgmentWasEntered
by
theCourtBelow.
1
2
2
..
D.._Scope
of
Review.ASSIGNMENTSOFERROR
..
PROPOSITIONSOF
LAW
..
STATEMENTOFFACTS.ARGUMENT2
2
34
1.
JTB/303151.5
THEDISTRICT
COURT
ERREDINCONCLUDINGTHATMERSMEETSTHEDEFINITIONOFA"MORTGAGE
BANKER"UNDER
NEB.REV.STAT.§45-702(6)ANDISTHEREFOREREQUIRED
TO
REGISTERASAMORTGAGEBANKER.LA.MERSDOES
NOT
"ACQUIRE"MORTGAGELOANS
ORENGAGE
IN
ANY
OFTHEOTHERMORTGAGEBANKINGACTIVITIESDESCRIBED
IN
§45-702(6),AND
MERS'
ABILITY
TO
EXERCISEINTERESTSINAMORTGAGELOAN,INCLUDINGTHERIGHTTOFORECLOSE,ISNOTSUFFICIENT
TODEEM
THATMERSACQUIRESMORTGAGELOANS
BECAUSE
MERSMERELY
ACTS
IN
ANOMINEECAPACITY
FOR
THEOWNERAND
HOLDER
OFTHEPROMISSORYNOTESECURED
BY
THEMORTGAGE
..
i
7
7
 
LB.
THEDISTRICTCOURTSHOULDHAVERECOGNIZEDTHATMERS'OWNERSHIP
OF
ALEGALINTERESTINTHE"SECURITYDOCUMENTDOESNOTEQUATE
'TO
M ~ ~ S '
OWNERSHIPOFTHEPROMISSORYNOTEOROTHERDEBTINSTRUMENTEVIDENCINGTHELOANMADETOTHECONSUMER...............................
12
II.
THEDISTRICTCOURTERREDBYFAILINGTODETERMINETHATMORTGAGELOANCONSUMERSWILLNOTBEHARMEDIFMERS
IS
NOTREGISTEREDASAMORTGAGEBANKER.
17
I_
f--
t
i
CONCLUSION·.22
J1B/303151.5
ii
-
~ ;

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