The role that New York's Deceptive Practices Act is playing in recent lender force-placed insurance ("LFPI") cases is on display in two parts on Thomson Reuter's Legal Solutions Blog. Both are entitled "'Deceptive Practices' and Lender Force-Placed Insurance: New York's State of Mind". Here is Part 1, and here is Part 2.
Check them out. The New York statute is a lesson in progress on how to prosecute and defend LFPI claims under State Unfair and Deceptive Practices Acts.
The author is at work on a book on "Lender Force-Placed Insurance" to be published by the American Bar Association in the Spring of 2015.
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