Legal Opinion
Chevalier v. Baird Savings Association
District Court, E.D. Pennsylvania
Decided March 6, 1974No. Civ. A. 72-1599PublishedCited by 33 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
JOSEPH S. LORD, III, Chief Judge.
Plaintiffs have brought suit against a class of savings and loan associations and building and loan associations on behalf of a class of past, present and future individual mortgagors. They allege that the practice whereby defendants require that monthly payments of mortgage interest and principal amortization be due and payable at the beginning of each monthly period over the entire term of the mortgage loan results in an effective usurious maximum interest rate. This, they assert, violates the Federal Home Loan Bank Act, § 5 as amended,…
2Cases cited10 opinions
- Association of Data Processing Service Organizations, Inc. v. CampSupreme Court of the United States · 1970
- Moor v. County of AlamedaSupreme Court of the United States · 1973
- Bailey v. GloverSupreme Court of the United States · 1875
- Robert M. Knuth, on Behalf of Himself and All Others Similarly Situated v. Erie-Crawford Dairy Cooperative Association, Robert M. Knuth,appellantCourt of Appeals for the Third Circuit · 1968
- Kinee v. Abraham Lincoln Federal Savings & Loan Ass'nDistrict Court, E.D. Pennsylvania · 1973
5 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Chevalier v. Baird Savings Ass'nDistrict Court, E.D. Pennsylvania · 1976
- Sosa v. FiteCourt of Appeals for the Fifth Circuit · 1974
- Lynch v. Signal Finance Co. of QuincyMassachusetts Supreme Judicial Court · 1975
- Kerby v. Mortgage Funding Corp.District Court, D. Maryland · 1998
- Fenton v. Citizens Savings AssociationDistrict Court, W.D. Missouri · 1975
28 more not listed; retrieve them via the Exa API.