First National City Bank of New York v. Francisco Gonzalez Martinez

MAGRUDER, Circuit Judge.

The complaint in this case was originally filed in the Superior Court of Puerto Rico, San Juan Part, on November 30, 1959. It was timely removed to the federal district' court in San Juan, which had jurisdiction of the cause of action pursuant to 12 U.S.C.A. § 632.

On June 27, 1958, plaintiff borrowed $384.00 from the defendant First National City Bank of New York at its branch office in Santurce in the Municipality of San Juan, Puerto Rico. He signed a note in which he agreed to repay the loan in twelve monthly installments of $32.00 each, payable on the 27th of each…