Legal Opinion
Horn v. National Homes Acceptance Corp.
District Court, N.D. Illinois
Decided May 26, 1978No. 78 C 119PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION
WILL, District Judge.
Plaintiffs, Steven and Susan Horn, bring this action against National Homes Acceptance Corporation (NHAC) to recover $61,-209.60, twice the amount of the prepayment of their mortgage loan, under the Illinois Usury Statute, Ill.Rev.Stat. ch. 74, § 4. Defendants removed this suit from the Circuit Court of DuPage County, Wheaton, Illinois, pursuant to 28 U.S.C. § 1441. Accordingly, our jurisdiction is based on diversity of citizenship as plaintiffs are citizens of the State of Illinois, defendant is an Indiana corporation, and the matter in controversy…
2Cases cited4 opinions
- Elmo E. Koos, Sr. And Caroline M. Koos v. First National Bank of PeoriaCourt of Appeals for the First Circuit · 1974
- Herman Ross and Hubert Garner v. Lake City Equity Finance Corporation, an Illinois CorporationCourt of Appeals for the Seventh Circuit · 1970
- Metcoff v. Mutual Trust Life Insurance Co.Appellate Court of Illinois · 1975
- Schmidt v. Interstate Federal Savings & Loan Ass'nDistrict Court, District of Columbia · 1976
3Cited by1 opinion
- Horn v. National Homes Acceptance CorpCourt of Appeals for the Seventh Circuit · 1979