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LaRue County Fiscal Court has joined over 18 other Kentucky counties in a class action lawsuit against a Delaware mortgage bundling company.
Magistrates meeting at the courthouse in Hodgenville June 12 took the action against Mortgage Electronic Registration System. The company's website described MERS as “an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold and tracked.”
Tommy Turner, LaRue County judge-executive, said tracking of titles is the major problem with MERS.
“The law states that each time a mortgage changes hands, it is to be filed with the county clerk,” said Turner. “MERS’ method of filing these mortgages leaves an unclear title trail.”
In other business, the court accepted bids for several road-related items. Bid winners included: asphalt emulsion-Asphalt Materials, Elizabethtown; bituminous hot mix-Scotty's Contracting, Elizabethtown; chip seal-Gaddie Shamrock, Colombia; fuel-Bault Oil Company, Hodgenville; steel tile-Carter Lumber Company, Elizabethtown; and rock-Hanson Aggregates, Upton.
Turner asked Clyde Veirs, county road supervisor, to study the oil, grease and transmission fluid bids and report to the court with his recommendations at the next meeting.
Veirs reported his crews replaced several road name and stop signs throughout the county. They also sloped and removed brush on Hawkins Road, worked on Cruse Road to slow water flow to prevent flooding of roadway; mow trimmed Hawkins, Airline, Parker Grover, Talley Oak Hill, Jenkins, Wonderland and Brashears roads.
Ricky Whitlock, second district magistrates, requested Veirs clear low-hanging limbs from Slack Road and remove brush blocking drivers’ views at a stop sign on Lafollette Road.
Third district magistrate Ronald Dale Nunn asked for the department to mow trim Whitlock Road and repair deteriorating sections of Bell Road.
W.L. Miller, fourth district magistrate, requested crews clear brush on Maxine Road and mow trim Mt. Sherman-Ward Road.