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ZUGELTER v. BANK OF AMERICA NAT. TRUST FUND & SAV.

No. 83-3304.

728 F.2d 218 (1984)

Daniel W. ZUGELTER and Ann C. Zugelter, Appellants v. BANK OF AMERICA NATIONAL TRUST FUND AND SAVINGS ASSOCIATION.

United States Court of Appeals, Third Circuit.

Decided March 1, 1984.

Attorney(s) appearing for the Case

John B. Nichols (argued), Nichols & Newman, Christiansted, St. Croix, V.I., for appellants.

Jean-Robert Alfred (argued), Douglas A. Brady, Alfred & Brady, Christiansted, St. Croix, V.I., for appellee.

Before HUNTER, WEIS, and ROSENN, Circuit Judges.

OPINION OF THE COURT

ROSENN, Circuit Judge.

Daniel and Ann Zugelter brought this action in the District Court for the Virgin Islands against the Bank of America (the Bank) claiming that the Bank charged them a usurious rate of interest for a building loan. They also request that the court reset the interest rate on a later mortgage between the parties to reflect their understanding that the interest rate would...

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