BUCHANAN v. CENTURY FEDERAL SAV. & LOAN


306 Pa.Super. 253 (1982)

452 A.2d 540

Roger E. BUCHANAN, et al. v. CENTURY FEDERAL SAVINGS & LOAN ASSOCIATION, et al. Appeal of FEDERAL NATIONAL MORTGAGE ASSOCIATION.

Superior Court of Pennsylvania.

Filed November 5, 1982.


Attorney(s) appearing for the Case

Judith R. Cohn, Pittsburgh, for appellant.

Michael Malakoff, Pittsburgh, for appellees.

Before HESTER, JOHNSON and POPOVICH, JJ.


POPOVICH, Judge:

This class action was brought in 1971 by a group of mortgage borrowers challenging the practice of numerous banks and lending institutions of requiring monthly payments of one-twelfth of annual taxes, assessments and fire and casualty insurance premiums, without compensating mortgagors for the use of their money. In 1971 and 1972, preliminary objections for failure to state a cause of action were filed by all defendants except the Federal National...

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