Legal Opinion

Community Mutual Savings Bank v. Gillen

Mount Vernon City Court

Decided January 15, 1997PublishedCited by 2 opinions

1Opinion of the Court

OPINION OF THE COURT

Adam Seiden, J.

Claimant brought this proceeding to recover $500 allegedly due from defendants pursuant to the terms of a loan commitment. Defendants have answered and counterclaimed for a refund of $400 paid to plaintiff as part of their loan application. Both parties seek sanctions against one another based upon allegations of frivolous conduct. This case brings into issue the interpretation of defendants’ right of rescission pursuant to Regulation Z (12 CFR part 226) promulgated under the Truth in Lending Act (TILA) (15 USC § 1601 et seq.).

Defendants applied for a…

2Cases cited6 opinions

  1. Thomas v. LejaMichigan Court of Appeals · 1991
  2. Juanita B. Fairley v. Turan-Foley Imports, Inc., D/B/A Turan-Foley MitsubishiCourt of Appeals for the Fifth Circuit · 1995
  3. GAC Finance Corp. v. BurgessCourt of Appeals of Washington · 1977
  4. Gramatan Home Investors Corp. v. MackAppellate Division of the Supreme Court of the State of New York · 1979
  5. Kocsis v. PierceMichigan Court of Appeals · 1991

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3Cited by2 opinions

  1. Burson v. CappsCourt of Appeals of Maryland · 2014
  2. Burson v. CappsCourt of Appeals of Maryland · 2014

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