MERS Statement on Florida Fee Appeal Dismissal

Statement from Janis L. Smith, Vice President for Corporate Communications MERSCORP Holdings, Inc. on Dismissal of the Florida Recording Fee Suit

CONTACT: Jason Lobo
Phone: 703.652.1660
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Reston, Virginia, September 6, 2012 – Yesterday, the Clerk of the Circuit Court of Duval County, Florida, voluntarily dismissed his appeal to the 11th Circuit Court of Appeals in Fuller v. MERS. We expected the appellate court to affirm the holding of the trial court, which dismissed the case with prejudice on June 27, 2012.

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MERSCORP Holdings, Inc. is a privately held corporation that owns and manages the MERS® System and all other MERS® products. It is a member-based organization made up of thousands of lenders, servicers, sub-servicers, investors and government institutions. Mortgage Electronic Registration Systems, Inc. (MERS) serves as the mortgagee in the land records for loans registered on the MERS® System, and is a nominee (or agent) for the owner of the promissory note. The MERS® System is a national electronic database that tracks changes in mortgage servicing and beneficial ownership interests in residential mortgage loans on behalf of its members.