Legal Opinion
Madsen v. Prudential Federal Savings & Loan Ass'n
Court of Appeals for the Tenth Circuit
Decided December 3, 1980No. Nos. 79-1362, 79-1535PublishedCited by 35 opinions
1Opinion of the Court
SEYMOUR, Circuit Judge.
The Madsens, plaintiffs-appellants, borrowed money from Prudential Federal Savings & Loan Association (Prudential) to purchase a home in 1964. Pursuant to this loan, the Madsens signed a trust deed1 requiring them to make “budget payments” of one-twelfth of the annual estimated taxes and insurance along with their monthly payments of principal and interest. Under the agreement, these budget payments were pledged as additional security for repayment of the loan. The funds were accumulated in a reserve account and used annually for the payment of taxes and insurance.
On…
2Cases cited24 opinions
- Gully v. First Nat. Bank in MeridianSupreme Court of the United States · 1936
- Skelly Oil Co. v. Phillips Petroleum Co.Supreme Court of the United States · 1950
- Public Serv. Comm'n of Utah v. Wycoff Co.Supreme Court of the United States · 1952
- Illinois v. City of MilwaukeeSupreme Court of the United States · 1972
- Shulthis v. McDougalSupreme Court of the United States · 1912
19 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Roy E. Fajen v. Foundation Reserve Insurance Company, Inc.Court of Appeals for the Tenth Circuit · 1982
- Chappell v. SCA Services, Inc.District Court, C.D. Illinois · 1982
- Bartley v. University Asphalt Co.Illinois Supreme Court · 1986
- Madsen v. Prudential Federal Savings & Loan Ass'nUtah Supreme Court · 1988
- Burke Investors v. Nite Lite Inns (In Re Nite Lite Inns)United States Bankruptcy Court, S.D. California · 1981
30 more not listed; retrieve them via the Exa API.