Watson v. Alice Anna Street Loan & Savings Ass'n

The present' appeal involves the right of the corporate mortgagee, under a loan made and mortgage taken pursuant to section 169 of article 23 of the Code, to charge the mortgagor, according to a provision of the mortgagee’s by-laws, with the loss occasioned to the mortgagee by the redemption of the mortgage debt before its maturity.

George W. Watson and Teresa M. Watson, his wife, the plaintiffs, applied for a loan of the Alice Anna Street Loan & Savings Association of Baltimore City, the defendant, an association incorporated under the laws of Maryland. The practice in matters similar to'…