Family Federal Savings Bank v. Hughes

REYNOLDS, Justice.

An issue of interest prompts this appeal. The Court of Appeals affirmed the judgment of Boyd Circuit Court which determined that Family Federal Savings Bank, a debtor, was liable for interest on the amount of money deposited into court, pursuant to court order.

This litigation began as a bank foreclosure action wherein it was determined that appel-lees, John T. and Janice Hughes, held a first mortgage against the subject real property and appellant held a subordinate lien. Appellant purchased the realty, at a court ordered sale, and was directed to deposit an amount with the…