Raymond P. Zajac and Helen Ann Zajac v. Federal Land Bank of St. Paul
Court of Appeals for the Eighth Circuit
1Opinion of the Court
FAGG, Circuit Judge.
Raymond P. and Helen Ann Zajac appeal from a district court order dismissing their lawsuit against the Federal Land Bank of St. Paul (the Bank) to enforce borrowers’ rights provisions of the Agricultural Credit Act of 1987 (the Act). See 12 U.S.C. §§ 2202-2202a (1988). In Harper v. Federal Land Bank of Spokane, 878 F.2d 1172, 1173 (9th Cir.1989), cert. denied,—U.S. -, 110 S.Ct. 867, 107 L.Ed.2d 951 (1990), the Ninth Circuit held the Act does not provide an implied private right of action for farmer-borrowers. After the Supreme Court denied the petition for certiorari in…
2Cases cited13 opinions
- Cort v. AshSupreme Court of the United States · 1975
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- Transamerica Mortgage Advisors, Inc. v. LewisSupreme Court of the United States · 1979
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- Burgmeier v. Farm Credit Bank of St. PaulCourt of Appeals of Minnesota · 1993
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