Silver Homes, Inc. v. Marx & Bensdorf, Inc.

This is an appeal from the Chancellor’s decree pronouncing a declaratory judgment in a suit commenced by a bill -which states a justiciable controversy between complainants and defendant. The memorandum opinion of the Chancellor succinctly states the determinative question as follows:

‘ ‘ This is an original bill for a declaratory judgment to determine whether a loan, insured by the Federal Housing Administration, requiring 5%% interest, plus an additional annual insurance premium of % of 1%, and providing for an adjusted prepayment charge of 1% of the original principal is in violation of the…