Baker v. Loves Park Savings & Loan Ass'n

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that “maker of a note may stipulate to pay a higher interest rate after maturity and the additional amount will not be considered a penalty but will be considered liquidated damages”
• stating that \maker of a note may stipulate to pay a higher interest rate after maturity and the additional amount will not be considered a penalty but will be considered liquidated damages\
• holding a consent to sell clause is a reasonable restraint
• upholding a clause providing for a 1% increase in interest rate upon default
• cf. Rayford v. Louisiana Savings Ass'n., 380 So.2d 1232 (La. Ct. App. 1980) (would not enforce acceleration clause when transfer was strictly between original mortgagors)
• “stability of real estate titles is of paramount importance”

Source: CourtListener parenthetical corpus (CC0).