Pennsylvania Mall Fights Demand for Bank Deposit Fee

By Matthew Santoni (October 1, 2021, 6:57 p.m. EDT) – The owner of a Pittsburgh-area shopping center said he shouldn’t have to pay his lender’s legal bills because the bank didn’t not “prevailed” in a foreclosure rent lawsuit, but the lender fought back that the charge fight could not be taken to court on short notice.

North Hills Village LLC, which operates a shopping center in Ross Township, Pa., Said a pending refinancing would resolve issues that led it to sue LNR Partners LLC and Wells Fargo Bank loan services for a so-called “fund sweeping,” where departments seized rent from tenants to apply them to the mall’s debt. Corn…

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