REAL ESTATE LAW

Mortgage Lending Enforcement Invokes Old Tool with New Theories

Department of Justice turns to the Financial Institutions Reform, Recovery and Enforcement Act of 1989

, New Jersey Law Journal

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The Department of Justice is turning to the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), which had been largely idle in the prosecutor's playbook for two decades. Counsel should be aware of FIRREA's basic provisions and the government's practices in this area, in particular, how the process differs from a criminal investigation, statute of limitations issues and recent government interpretations of the statute.

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