Does Section 560.2 of the Federal Savings Association Act, which purports to regulate the lending activities of a federal savings association, apply?
California, United States of America
The following excerpt is from HARRIS v. MORTGAGE, 111 Cal.Rptr.3d 20, 185 Cal.App.4th 1018 (Cal. App. 2010):
that where part 560.2 applies, it preempts any state law which purports to regulate the lending activities of federal savings associations. ( Silvas v. E*TRADE Mortgage Corporation (9th Cir.2008) 514 F.3d 1001, 1004-1005.)
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