Private Right of Action (1)

Carlisle v. St. Mary's Credit Union, 05-C-0090 (Hillsborough, North, Nov. 10, 2005)

The present matter before the Court is in the opening stages of a potential class action law suit. Amanda Carlisle, the plaintiff, has brought this action on behalf of herself and all others similarly situated against St. Mary's Credit Union ("the defendant" or "St. Mary's''). The plaintiff and other members of the putative class are purchasers of credit life and/or accident and disability insurance issued by Universal Underwriters Life Insurance Company ("UULIC") who financed their purchases through retail installment sales contracts. The defendant is the assignee/holder of the contracts. This case arises out of the defendant's failure to provide notice to UULIC regarding the plaintiffs prepayment of her loan prior to the expiration of the credit insurance coverage and loan terms. The defendant now moves to dismiss the plaintiffs Writ, arguing that the relevant statute, RSA 361-A, fails to provide a private right of action for the plaintiffs claims. The plaintiff objects. On September 8, 2005, the Court held a hearing on this motion. For the reasons stated in this order, the defendant's motion to dismiss is DENIED.
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