Holiday Acres No. 3 v. Midwest Federal 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.

• lender may use due-on-sale clause to increase interest rates when loan is used to finance investment property
• “The allocation of the potential profit or loss generated by the existence of a low-interest loan in a high-interest mortgage market forms the basis of this dispute”
• § 545.8-3(f) does not pre-empt state regulation of due-on-sale clauses
• § 545.8-3(f) does not pre-empt state regulation of due-on-sale clauses
• enforcing due-on-sale clause when subject property is investment residential property

Source: CourtListener parenthetical corpus (CC0).