Legal Opinion
Kimball v. National Bank of North America, N.A.
District Court, E.D. New York
Decided March 27, 1979No. 78 C 2548PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
GEORGE C. PRATT, District Judge:
Plaintiffs commenced this action alleging that defendant, a national bank chartered pursuant to the provisions of the National Bank Act, 12 U.S.C. §§ 21, et seq., violated applicable usury laws by charging interest at a rate in excess of the maximum rate of interest allowable for home mortgage loan transactions. Both parties now move for summary judgment on a joint statement of undisputed facts.
On October 24, 1978, plaintiffs borrowed $33,600 from defendant, which sum they promised to repay with interest at the rate of 9.5 percent per annum.…
2Cases cited7 opinions
- Marquette National Bank of Minneapolis v. First of Omaha Service Corp.Supreme Court of the United States · 1978
- Tiffany v. National Bank of Mo.Supreme Court of the United States · 1874
- Tele-Controls, Inc. And Audio Systems Co. v. Ford Industries, Inc.Court of Appeals for the Seventh Circuit · 1967
- Bache & Co., Inc. v. International Controls Corp.District Court, S.D. New York · 1972
- Jordan Brown, and All Others Similarly Situated v. First National City BankCourt of Appeals for the First Circuit · 1974
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3Cited by2 opinions
- BELLO v. CAPITAL ONE BANK (USA) N.A.District Court, D. New Jersey · 2021
- Kimball v. National Bank of North AmericaCourt of Appeals for the Second Circuit · 1979