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R. B. J. APTS., INC. v. GATE CITY S. & L. ASS'N

Civ. No. 10052.

315 N.W.2d 284 (1982)

R. B. J. APARTMENTS, INC., Plaintiff and Appellant, v. GATE CITY SAVINGS & LOAN ASSOCIATION, Defendant and Appellee.

Supreme Court of North Dakota.

January 21, 1982.

Attorney(s) appearing for the Case

Pearson & Christensen, Grand Forks, for plaintiff and appellant; argued by Douglas A. Christensen, Grand Forks.

Pancratz, Kruger, Wold, Yuill & Johnson, Fargo, for defendant and appellee; argued by J. Philip Johnson, Fargo.

PEDERSON, Justice.

This appeal presents one principal issue:

Is there an implied private right of action for damages against a federally insured savings and loan association for failure to comply with federal flood insurance laws?

We conclude that the federal flood insurance statutes imply no private right of action cognizable in federal law; nor do they establish the appropriate standard of conduct for a common-law negligence action. The judgment...

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