Legal Opinion
Brown v. Investors Mortgage Co.
Court of Appeals for the Ninth Circuit
Decided July 29, 1997No. 96-35477PublishedCited by 14 opinions
1Per curiam
Plaintiff Catherine Brown borrowed $28,-800 on her home. She fell behind in her payments. The lender initiated foreclosure proceedings.
To prevent foreclosure, Brown borrowed another $50,000 on her home from defendant CLS Mortgage, Inc. The debt carried 16% interest, required monthly payments of $666.67 for three years, and was then payable in full. The maximum interest permitted by state usury law was 12.22%. Brown again fell behind, and CLS commenced foreclosure.
To pay off the CLS loan, Brown borrowed $74,000 from defendant Investors Mortgage Company (IMC). The debt earned interest of 15%,…
2Cases cited10 opinions
- United States v. LopezSupreme Court of the United States · 1995
- Medtronic, Inc. v. LohrSupreme Court of the United States · 1996
- Perez v. United StatesSupreme Court of the United States · 1971
- United States v. Katherine PappadopoulosCourt of Appeals for the Ninth Circuit · 1995
- Smith v. Fidelity Consumer Discount Co.Court of Appeals for the Third Circuit · 1990
5 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- U.S. Bank National Ass'n v. ClarkIllinois Supreme Court · 2005
- Motten v. Chase Home FinanceDistrict Court, S.D. Texas · 2011
- Wells Fargo Bank N.A. v. BoutrisCourt of Appeals for the Ninth Circuit · 2005
- Wells v. Chevy Chase Bank, F.S.B.Court of Appeals of Maryland · 2003
- Nelson v. Associates Financial Services Co. of Indiana, Inc.District Court, W.D. Michigan · 2000
9 more not listed; retrieve them via the Exa API.