EASTERN SAVINGS BANK v. Nardo

BLOOM, Judge.

This case involves a dispute as to how much money appellees, Frank A. Nardo and June Nardo, his wife, owe appellant, Eastern Savings Bank, F.S.B., as a loan commitment fee. The bank contends that the Nardos owe the full amount of a cognovit note for $60,000 which they gave the bank, together with $7,000 in cash, as a non-refundable fee; the Nardos contend that under an applicable provision of the agreement between the parties they were obligated to pay a commitment fee of only $14,000, plus certain costs and attorney’s fees.

The case began with the bank obtaining a judgment by…