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JAMAICA SAVINGS BANK v. LEFKOWITZ

No. 74-C-1066.

390 F.Supp. 1357 (1975)

JAMAICA SAVINGS BANK, Plaintiff, v. Louis J. LEFKOWITZ, as Attorney General of the State of New York, Defendant.

United States District Court, E. D. New York,

February 28, 1975.

Attorney(s) appearing for the Case

Bond, Tobin & Davis, Mineola, for plaintiff; Hughes Hubbard & Reed, New York City, of counsel.

Louis J. Lefkowitz, Atty. Gen., State of N. Y., New York City, by Stanley L. Kantor, Asst. Atty. Gen., for defendant.

Before GURFEIN, Circuit Judge, and COSTANTINO and KNAPP, District Judges.

OPINION

COSTANTINO, District Judge.

This suit attacks the constitutionality of the recently enacted New York Statute, Chapter 119 of the Laws of 1974,1 which requires mortgage lending institutions to pay interest on mortgage "escrow" accounts. The complaint requests the convening of a three-judge court pursuant to 28 U.S.C. §§ 2281 and 2284, preliminary and permanent injunctive...

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