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(Download) "Goldman v. First Federal Savings and Loan Association of Wilmette" by United States Court of Appeals for the Seventh Circuit * eBook PDF Kindle ePub Free

Goldman v. First Federal Savings and Loan Association of Wilmette

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eBook details

  • Title: Goldman v. First Federal Savings and Loan Association of Wilmette
  • Author : United States Court of Appeals for the Seventh Circuit
  • Release Date : January 16, 1975
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 75 KB

Description

This interlocutory appeal raises the question whether a federally regulated mortgagees retention of prepaid interest at the time a loan is paid in full in advance of maturity constitutes a "prepayment penalty" within the meaning of 12 C.F.R. § 545.6-12(b). The district court held that defendant had exacted such a penalty and, therefore, sustained plaintiffs complaint seeking a recovery of $36.25 for themselves and comparable amounts on behalf of "thousands" of similarly situated persons.


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