ALVIN B. RUBIN, District Judge:
The plaintiff seeks a declaration that a 2% late charge exacted by a lender under an FNMA approved mortgage was usurious under state law. The mortgage was executed in June, 1969, and sold to FNMA, a federally chartered corporation, in August. FNMA's service agent collected the late charge on several payments. Later it foreclosed. The plaintiffs, who had owned the property and owed the mortgage prior to foreclosure, seek to recover all...
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