RAYFORD v. LOUISIANA SAV. ASS'N

No. 7416.

380 So.2d 1232 (1980)

Robert A. RAYFORD, Plaintiff-Appellee, v. LOUISIANA SAVINGS ASSOCIATION, Defendant-Appellant.

Court of Appeal of Louisiana, Third Circuit.

Rehearing Denied March 19, 1980.


Attorney(s) appearing for the Case

Anderson, Leithead, Scott, Boudreau & Savoy, Everett R. Scott, Jr., Lake Charles, for defendant-appellant.

Ledbetter, Percy & Stubbs, William H. Ledbetter, Jr., Alexandria, for plaintiff-appellee.

Before CULPEPPER, DOMENGEAUX, and STOKER, JJ.


DOMENGEAUX, Judge.

In this appeal from a declaratory judgment we are called upon to decide whether the Louisiana Savings Association (defendant or Association) has the right, under the circumstances of this case, to (1) condition its approval of a sale between co-owners, who are also co-obligors, upon the payment of a loan transfer fee of one percent of the current principal balance, and (2) declare all sums secured by the mortgage to be immediately due and payable...

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