Legal Opinion
Schumacher v. Lawrence
Court of Appeals for the Sixth Circuit
Decided January 15, 1940No. 8045PublishedCited by 16 opinions
1Opinion of the Court
ALLEN, Circuit Judge.
Appellant, as receiver of a national bank and holder of a mortgage on real estate, executed by appellee on May 2, 1931, brought suit for foreclosure. The defense was that the interest charged was usurious, that the entire interest was therefore forfeited, and that appellee, prior to the institution of -the suit, had tendered the full amount due.
The mortgage and note were in the face amount of $3,500.00 with interest at seven per cent. At the time the loan was made the mortgagor was required by the bank to pay $17.50 mortgage tax, $6.50 for certificate of abstract, $1.50…
2Cases cited6 opinions
- Barnet v. National BankSupreme Court of the United States · 1879
- McCollum v. Hamilton National BankSupreme Court of the United States · 1938
- Evans v. National Bank of SavannahSupreme Court of the United States · 1919
- Haseltine v. Central Bank of SpringfieldSupreme Court of the United States · 1901
- Union Guardian Trust Co. v. CrawfordMichigan Supreme Court · 1935
1 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Fred Fisher, on Behalf of Himself and on Behalf of All Other Persons Similarly Situated v. First National Bank of Omaha, Omaha, NebraskaCourt of Appeals for the First Circuit · 1977
- Northway Lanes v. Hackley Union National Bank And Trust CompanyCourt of Appeals for the Sixth Circuit · 1972
- Nelson v. Citibank (South Dakota) N.A.District Court, D. Minnesota · 1992
- Tikkanen v. Citibank (South Dakota) N.A.District Court, D. Minnesota · 1992
- Panos v. SmithCourt of Appeals for the Sixth Circuit · 1940
11 more not listed; retrieve them via the Exa API.