Legal Opinion
Glendale Federal Savings & Loan Ass'n v. Fox
District Court, C.D. California
Decided October 17, 1979No. CV 77-3274-WMBPublishedCited by 27 opinions
1Opinion of the Court
ORDER
WM. MATTHEW BYRNE, Jr., District Judge.
A “due-on-sale” clause in a loan instrument provides the lender an option to declare immediately due and payable all of the sums owed to the lender if all or any part of the real property securing the loan is sold or otherwise transferred by the borrower without the lender’s prior consent. 1 This action involves the question whether state regulation of the validity and exercisability of due-on-sale clauses contained in the loan instruments of federal savings and loan associations executed after June 8, 1976, is preempted by federal law.
I. BACKGROUND
P…
2Cases cited54 opinions
- Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
- Simon v. Eastern Kentucky Welfare Rights OrganizationSupreme Court of the United States · 1976
- United States v. W. T. Grant Co.Supreme Court of the United States · 1953
- United States v. Students Challenging Regulatory Agency Procedures (SCRAP)Supreme Court of the United States · 1973
- Regents of the University of California v. BakkeSupreme Court of the United States · 1978
49 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Fidelity Federal Savings & Loan Ass'n v. De La CuestaSupreme Court of the United States · 1982
- Hodson v. AH Robins Co., Inc.District Court, E.D. Virginia · 1981
- Trent Realty Associates v. First Federal Savings And Loan Association Of PhiladelphiaCourt of Appeals for the First Circuit · 1981
- Holiday Acres No. 3 v. Midwest Federal Savings & Loan Ass'nSupreme Court of Minnesota · 1981
- Williams v. First Federal Savings & Loan Ass'n of ArlingtonCourt of Appeals for the Fourth Circuit · 1981
22 more not listed; retrieve them via the Exa API.