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MacKENZIE v. SUMMIT NAT. BANK OF ST. PAUL

No. CO-84-1030.

363 N.W.2d 116 (1985)

Reed S. MacKENZIE, et al., Respondents, v. SUMMIT NATIONAL BANK OF ST. PAUL, Appellant.

Court of Appeals of Minnesota.

February 19, 1985.

Attorney(s) appearing for the Case

Jay B. Kelly, Opperman & Paquin, Minneapolis, for respondents.

Terrence P. Durkin, Dudley & Smith, St. Paul, for appellant.

Heard, considered and decided by PARKER, P.J., and SEDGWICK and LESLIE, JJ.

OPINION

LESLIE, Judge.

Summit National Bank is appealing from a judgment enjoining foreclosure of a mortgage on the respondent's home. The trial court found that the bank had breached its duty to disclose to the respondent the precarious financial condition of respondent's employer when respondent agreed to mortgage his home as collateral for a bank loan to his employer. The court also found that the bank had taken no reasonable steps to repay the loan from...

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