Raymond P. Zajac and Helen Ann Zajac v. Federal Land Bank of St. Paul
Court of Appeals for the Eighth Circuit
1Opinion of the Court
HEANEY, Senior Circuit Judge.
Raymond and Helen Zajac, a North Dakota farm couple, appeal from a decision of the district court holding that the Agricultural Credit Act of 1987 (Act) does not provide the Zajacs with a private right of action to enjoin the Federal Land Bank of St. Paul (Bank) from foreclosing on the Zajacs’ property until the Bank honors their request that an independent appraiser be appointed to appraise their property for purposes of restructuring their distressed loan with the Bank.
We hold that the Zajacs have a private right of action under the Act to require the…
2Cases cited20 opinions
- Cort v. AshSupreme Court of the United States · 1975
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