Skinner v. Preferred Credit
Supreme Court of North Carolina
1Opinion of the Court
NEWBY, Justice.
The issues on appeal are: (1) whether the trial court may exercise personal jurisdiction over a nonresident trust which holds notes secured by deeds of trust on North Carolina real property; and (2) when the statutes of limitations begin to run for an action alleging a usurious loan origination fee and a violation of the Unfair and Deceptive Trade Practices Act (“UDTPA”). Based on the specific facts of this loan agreement and the relationship of the parties, we hold that there is no personal jurisdiction over the trust and accordingly, affirm the Court of Appeals. Because we…
Also in this document: Dissent.
2Cases cited26 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- Burger King Corp. v. RudzewiczSupreme Court of the United States · 1985
- World-Wide Volkswagen Corp. v. WoodsonSupreme Court of the United States · 1980
- Hanson v. DencklaSupreme Court of the United States · 1958
- Helicopteros Nacionales De Colombia, S. A. v. HallSupreme Court of the United States · 1984
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- Belk ex rel. Belk v. BelkCourt of Appeals of North Carolina · 2012
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