Daniel R. Murphy and Susan Murphy v. Empire of America, Fsa

How courts have described this case

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

• holding that isolated remarks in legislative debate are entitled to little or ho weight, particularly when they are unclear or conflict with other comments
• construing a similar New York law and recognizing that consummation occurred under TILA when parties signed a contract obligating each of them to fulfill their respective promises
• applying state law to determine whether a transaction was consummated under TILA
• “The focal point for possible reconsideration by the borrower is when he becomes contractually bound, which normally occurs when he signs the commitment.”
• “The transaction is consummated when the lender and borrower sign a contract obligating them, respectively, to lend and to borrow the funds.”
• “The signing of the contract is the event of cental significance. Thereafter ... [i]f the lender refuses to provide the loan it can be held liable to the borrower for damages.”

Source: CourtListener parenthetical corpus (CC0).