UMLIC VP LLC Ex Rel. United States v. Matthias

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• rejecting the rule that a foreclosure action shares the statute of limitations of the underlying debt, and adopting the stance that even when a debt action is time barred, the mortgagee may proceed to foreclose
• “[F]ederal law supplies the statute of limitations in cases where the plaintiff is a successor in interest to 7 the United States.”
• “Doctrinally, an assignee stood in the shoes of the assignor at common law, and the Uniform Commercial Code provides that ‘[t]ransfer of an instrument . . . vests in the transferee any right of the transferor to enforce the instrument.’”

Source: CourtListener parenthetical corpus (CC0).