Legal Opinion
People v. First American Corp.
Appellate Division of the Supreme Court of the State of New York
Decided June 8, 2010Published
1Opinion of the Court
OPINION OF THE COURT
Gonzalez, EJ.
This appeal calls upon us to determine whether the regulations and guidelines implemented by the Office of Thrift Supervision (OTS) pursuant to the Home Owners’ Loan Act of 1933 (HOLA) (codified as 12 USC § 1461 et seq.) and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (Pub L 101-73, 103 US Stat 183 [amending HOLA and codified in scattered sections of 12 USC]) preempt state regulations in the field of real estate appraisal.
The Attorney General claims that defendants engaged in fraudulent, deceptive and illegal business…
2Cases cited15 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- Rice v. Santa Fe Elevator Corp.Supreme Court of the United States · 1947
- Fidelity Federal Savings & Loan Ass'n v. De La CuestaSupreme Court of the United States · 1982
- New York State Conference of Blue Cross & Blue Shield Plans v. Travelers InsuranceSupreme Court of the United States · 1995
- Oswego Laborers' Local 214 Pension Fund v. Marine Midland Bank, N. A.New York Court of Appeals · 1995
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