Noonan v. Fremont Financial (In Re Lappin Electric Co.)

How courts have described this case

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

• early termination fee of 3% of revolving loan’s limit during the first year of loan reasonable, 2% during the second year and 1% during the third year.
• “this court is in agreement with a majority of courts that view a prepayment charge as liquidated damages, not as unmatured ... interest that would be disallowed under section 502(b)(2)”
• allowing prepayment premium of 6.9% of principal

Source: CourtListener parenthetical corpus (CC0).