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MID-AMERICA NAT. BANK v. FIRST SAV. & LOAN ASS'N

No. 83-1716.

737 F.2d 638 (1984)

MID-AMERICA NATIONAL BANK OF CHICAGO, not personally but as Trustee pursuant to a Trust Agreement dated May 1, 1981, and known as Trust Number 1575, et al., Plaintiffs-Appellants, v. FIRST SAVINGS AND LOAN ASSOCIATION OF SOUTH HOLLAND, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided June 15, 1984.

Attorney(s) appearing for the Case

Arnold H. Landis, Law Office of Arnold H. Landis, Chicago, Ill., for plaintiffs-appellants.

Glen H. Kanwit, Hopkins & Sutter, Chicago, Ill., for defendants-appellees.

Before CUMMINGS, Chief Judge, COFFEY, Circuit Judge, and BEATTY, District Judge.

CUMMINGS, Chief Judge.

This appeal presents the issue of whether an implied right of action exists in favor of borrowers against lenders under the National Flood Insurance Program (the "Flood Program"), 42 U.S.C. §§ 4012a(b) and 4104a. The district court granted defendants' motion to dismiss, holding that no such implied right of action exists under Sections 4012a(b) and 4104a, and we affirm.

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