Brooks v. Valley National Bank

HOLOHAN, Justice.

Appellant Brooks filed an action for himself and on behalf of all mortgage borrowers of appellee, Valley National Bank for a declaratory judgment and an accounting of that portion of mortgage payments paid for taxes and insurance. The action also sought compensatory and punitive damages from the appellee. The superior court granted the motion of appellee to dismiss the action. On appeal, Division One of the Court of Appeals affirmed. Brooks v. Valley National Bank, 24 Ariz. App. 484, 539 P.2d 958 (1975). Appellant’s petition for review was accepted by this Court. The opinion…