In Re AE Hotel Venture

How courts have described this case

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

• concluding that default interest is not “true interest” but is instead “a form of late charge”
• noting that for creditor to receive prepayment premium, premium must be enforceable under state law and must also satisfy § 506(b)
• enforcing prepayment penalty of 18% of loan balance under Illinois law

Source: CourtListener parenthetical corpus (CC0).