Planned Pethood Plus, Inc. v. KeyCorp, Inc.
Colorado Court of Appeals
1Opinion of the Court
Opinion by
Judge BOORAS.
Plaintiff, Planned Pethood Plus, Inc. (Pet-hood), appeals the summary judgment entered in favor of defendant, KeyCorp, Inc. (Keybank), denying Pethood's claim for recovery of a prepayment penalty paid to Key-bank to obtain release of a deed of trust. We affirm.
I. Factual Background
Although the parties disagree on certain factual allegations made by Pethood, all relevant facts are undisputed. Pethood is a veterinary clinic owned by two veterinarians. It obtained a commercial loan from Keybank in the amount of $389,000 at a fixed interest rate of 8.3% per annum for a term…
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