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MONTGOMERY FEDERAL SAVINGS AND LOAN ASS'N v. BAER

No. 6796.

308 A.2d 768 (1973)

MONTGOMERY FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant, v. Eric BAER and Meyer Morse, Appellees.

District of Columbia Court of Appeals.

Decided August 10, 1973.

Attorney(s) appearing for the Case

William H. Brain, Kensington, Md., for appellant.

Leonard C. Collins, Washington, D.C., for appellees.

David S. Scrivener and Marshall P. Johnson, Washington D.C., were on the brief for the Metropolitan Washington Savings and Loan League, Inc., amicus curiae.

Paul E. McGraw, Daniel J. Goldberg, Harold B. Shore, and Harvey Simon, Washington, D.C., were on the brief for the Federal Home Loan Bank Board, amicus curiae.

Marilyn Fisher and Norman C. Barnett, Washington, D. C., were on the brief for Wilbur B. Anderson, et al., amicus curiae.

Before KERN, GALLAGHER and YEAGLEY, Associate Judges.

YEAGLEY, Associate Judge:

Appellant as the lender of $10,000 secured by a first trust on property in the District of Columbia, brought suit in Superior Court against the makers of the note (appellees) to recover a deficiency of $3,166 remaining after a foreclosure proceeding. This appeal is from the trial court decision which held that "points"1 charged by a mortgage lender must be added to the interest charge for the year in which such...

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