Ringstreet Northcrest, Inc. v. Bisanz

SPINDEN, Judge.

Ringstreet Northcrest, Inc., appeals the circuit court’s summary judgment for Real Estate Equities Investment Fund — 1981 and its general partners, Robert Bisanz and Terrance Troy, in Ringstreet Northcrest’s lawsuit for penalties under § 443.130, RSMo 1994. Ringstreet Northcrest contends that Real Estate Equities unlawfully refused to release a deed of trust securing a note. The circuit court found that Ringstreet North-crest’s failure to comply strictly with statutory requirements regarding tender precluded Ringstreet Northcrest’s obtaining the statutory penalty, and it…