Common use of NATURE OF THE ACTION Clause in Contracts

NATURE OF THE ACTION. Plaintiffs ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (“Plaintiffs”) allege that Defendant Bank of America, N.A. (“BANA”), violated the Pennsylvania Uniform Commercial Code (“UCC”) independently and in pari materia with the Pennsylvania Motor Vehicle Sales Finance Act (“MVSFA”) due to BANA’s alleged failure to comply with the MVSFA’s minimum notice period requirements relating to its Notices of Repossession. ▇▇▇▇ disputes and denies all of Plaintiffs’ claims.