Legal Opinion
Garrison v. First Federal Savings & Loan Ass'n
Supreme Court of Virginia
Decided March 1, 1991No. Record No. 900909PublishedCited by 14 opinions
1Opinion of the CourtJustice Lacy
In this case we must decide whether a loan secured by a second deed of trust was null and void and unenforceable by an assignee under the applicable sections of Title 6.1, Chapter 7.2, Article 10 of the Code of Virginia.
In 1984 Alice Mae Garrison applied for and obtained a loan from an unregulated lender, Landbank Equity Corporation, a Virginia corporation. The principal amount of the loan as reflected on the documents was $9,224.19. The loan was secured by a second deed of trust on Garrison’s home in Roanoke County. On October 30, 1984, eight days after the loan documents were executed,…
2Cases cited10 opinions
- Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981
- McDaniel v. CommonwealthSupreme Court of Virginia · 1957
- Raven Red Ash Coal Corp. v. AbsherSupreme Court of Virginia · 1929
- Rockingham Co-Operative Farm Bureau, Inc. v. City of HarrisonburgSupreme Court of Virginia · 1938
- Gavey Properties/762 v. First Financial Savings & Loan AssociationCourt of Appeals for the First Circuit · 1988
5 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Conyers v. MARTIAL ARTS WORLD OF RICHMONDSupreme Court of Virginia · 2007
- City of Lynchburg v. ENGLISH CONST.Supreme Court of Virginia · 2009
- State Farm Mutual Automobile Insurance v. CuffeeSupreme Court of Virginia · 1994
- Thomas v. CitiMortgage, Inc. (In Re Thomas)United States Bankruptcy Court, D. Massachusetts · 2011
- Rachel Alston v. Crown Auto, IncorporatedCourt of Appeals for the Fourth Circuit · 2000
9 more not listed; retrieve them via the Exa API.