Bankier v. First Federal Savings & Loan Association of Champaign

Plaintiffs Leon and Fela Bankier (Bankiers) filed a complaint against defendant First Federal Savings and Loan Association of Champaign (First Federal) alleging breach of contract by charging a prepayment penalty on a construction-permanent loan (count I), and consumer fraud pursuant to the Consumer Fraud and Deceptive Business Practices Act (Act) (Ill. Rev. Stat. 1989, ch. 121½, par. 261 et seq.) (counts II and III). The trial court granted summary judgment in favor of the Bankiers on count I of their complaint, i.e., the prepayment penalty. The trial court granted summary judgment in favor…