Lasalle Bank National Ass'n v. Shepherd Mall Partners, L.L.C.
Court of Civil Appeals of Oklahoma
1Opinion of the Court
Opinion by
LARRY JOPLIN, Presiding Judge.
¶ 1 PlaintiffiAppellant LaSalle Bank National Association (LaSalle), as Trustee for the Certificate Holders of CDC Securitization Corporation (“CDC”), seeks review of the trial court’s order granting the motion for summary judgment of Defendant/Appel-lee Shepherd Mall Partners, L.L.C. (Shepherd Mall). LaSalle contends the trial court erred in ruling late fees were, as a matter of law, an unenforceable penalty. After a review of the record, we affirm the order of the trial court.
¶ 2 In October 1999, Shepherd Mall signed a note, mortgage and corresponding…
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