Legal Opinion
Federal Deposit Insurance v. Tito Castro Construction, Inc.
District Court, D. Puerto Rico
Decided October 14, 1982No. Civ. 81-1604(GG)PublishedCited by 24 opinions
1Opinion of the Court
DECISION AND JUDGMENT
WATSON, * Judge:
This action is brought by plaintiff Federal Deposit Insurance Corporation (FDIC) against defendant Tito Castro Construction, Inc., to foreclose on a $5,000,000 mortgage on real estate owned by defendant. The mortgage secures an underlying indebtedness in the principal amount of $3,329,-825.70, together with interest of $357,-450.95. This $3,687,276.65 indebtedness is evidenced by ten promissory notes executed by defendant from September 1, 1976 through March 13, 1978.
The issue is whether defendant may avail itself of the usury law of Puerto Rico, as a…
2Cases cited13 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
- Federal Deposit Insurance Corporation, Etc., and v. Santino D. Meo, AndCourt of Appeals for the Ninth Circuit · 1974
- First State Bank of Hudson County v. The United States of AmericaCourt of Appeals for the First Circuit · 1979
8 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Trigo v. Federal Deposit Insurance Corporation Fdic)Court of Appeals for the Eleventh Circuit · 1988
- Federal Sav. and Loan Ins. Corp. v. LockeDistrict Court, W.D. Texas · 1989
- Federal Savings & Loan Insurance Corp. v. T.F. Stone-Liberty Land Associates, Texas Court of Appeals, 5th District (Dallas)1990
- Federal Deposit Insurance v. National Union Fire Ins.District Court, W.D. Louisiana · 1986
- Scott v. Resolution Trust Corp. (In Re Scott)United States Bankruptcy Court, W.D. Texas · 1993
19 more not listed; retrieve them via the Exa API.