Legal Opinion
MONTGOMERY FEDERAL SAVINGS AND LOAN ASS'N v. Baer
District of Columbia Court of Appeals
Decided August 10, 1973No. 6796PublishedCited by 21 opinions
1Opinion of the Court
YEAGLEY, Associate Judge:
Appellant as the lender of $10,000 secured by a first trust on property in the District of Columbia, brought suit in Superior Court against the makers of the note (appellees) to recover a deficiency of $3,166 remaining after a foreclosure proceeding. This appeal is from the trial court decision which held that “points” 1 charged by a mortgage lender must be added to the interest charge for the year in which such fee is collected (rather than being prorated over the term of the loan) in order to determine if the rate is excessive ; and if the resultant total interest…
2Cases cited29 opinions
- Bowen v. Mount Vernon Sav. BankCourt of Appeals for the D.C. Circuit · 1939
- B. F. Saul Co. v. West End Park North, Inc.Court of Appeals of Maryland · 1968
- Eagle Rock Corp. v. Idamont Hotel Co.Idaho Supreme Court · 1938
- Roy Louis Jannenga v. Nationwide Life Insurance Co.Court of Appeals for the D.C. Circuit · 1961
- Altherr v. Wilshire Mortgage CorporationArizona Supreme Court · 1968
24 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Collins v. Union Federal Sav. & Loan Ass'nNevada Supreme Court · 1983
- John M. Lee v. Flintkote CompanyCourt of Appeals for the D.C. Circuit · 1979
- Tanner Development Co. v. FergusonTexas Supreme Court · 1977
- Johnson v. LONG BEACH MORTGAGE LOAN TRUST 2001-4District Court, District of Columbia · 2006
- Mims v. MimsDistrict of Columbia Court of Appeals · 1993
16 more not listed; retrieve them via the Exa API.