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MEYERS v. HOME SAV. & LOAN ASSN.

Docket No. 41582.

38 Cal.App.3d 544 (1974)

113 Cal. Rptr. 358

STEPHEN Z. MEYERS et al., Plaintiffs and Appellants, v. HOME SAVINGS AND LOAN ASSOCIATION et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Three.

April 9, 1974.

Attorney(s) appearing for the Case

COUNSEL

Stephen Z. Meyers and Meyers, Jacoby & Mosten for Plaintiffs and Appellants.

McKenna, Fitting & Finch, Bernard Kolbor, Daniel N. Belin, Aaron M. Peck, DeMarco, Barger & Beral, Kalmbach, DeMarco, Knapp & Chillingworth, Richard C. Greenberg, Gibson, Dunn & Crutcher, G. Edward Fitzgerald and Martin C. Washton for Defendants and Respondents.

OPINION

ALLPORT, J.

In a so-called class action plaintiffs seek to have the court declare that the "pre-payment penalties" required of persons seeking to pay loans in advance of the normal maturity dates in real estate loan contracts used by defendants are void as being in contravention of Civil Code section 1670.1 The claims against eight federally chartered defendants were removed to the United States...

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