By Cara Cookson
Wells Fargo Bank v. Rouleau, 2012 VT 19
Praises to those who helped unbundle this secured transactions case full of promissory notes, assignments, securitization, and bunches and bunches of entities and transfers—oh, my! At the end of the day, the SCOV boils the case down quite simply: the creditor with standing is the creditor with original negotiable instruments, made payable to the creditor, and the creditor need not prove how it came upon them.
Clear as mud.