Stephens v. LPP MORTGAGE, LTD.

How courts have described this case

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

• following the “longstanding 47 rule” that “suit may be maintained on a note secured by lien without enforcement of the lien, and after judgment another suit can be brought to foreclose the lien”
• “When a debt is memorialized by a note that is secured by a lien, the note and lien constitute separate obligations.”
• application of federal law part of “bundle of rights” assigned by SBA

Source: CourtListener parenthetical corpus (CC0).