Pa. Justices Won't Extend New Fee Protections To Old Loans



In this Law360 article reporting on the unanimous decision by the Pennsylvania Supreme Court in Edella Johnson et al. v. Phelan Hallinan & Schmieg LLP, Jonathan Bart comments on the Court’s ruling that the state’s Loan Interest and Protection Law (known as Act 6) amendments were not intended to be applied retroactively, concluding in the firm’s client’s favor a 12-year class action case arising from legal fees assessed as damages in a foreclosure suit arising out of a 2002 residential mortgage.