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JOHNSON v. RONAMY CONSUMER CREDIT CORP.

515 A.2d 682 (1986)

Kenneth JOHNSON and Nancy Johnson, his wife, a/k/a Kenneth E. Johnson and Nancy Judy O'Neil Johnson, Defendants Below-Appellants/Cross Appellee, v. RONAMY CONSUMER CREDIT CORPORATION, a corporation of the Commonwealth of Pennsylvania, Plaintiff Below-Appellee/Cross Appellant.

Supreme Court of Delaware.

Decided: September 30, 1986.

Attorney(s) appearing for the Case

Robert K. Pearce (Argued) and James F. Kipp of Trzuskowski, Kipp, Kelleher & Pearce, P.A., Wilmington, for appellants/cross appellee.

Alene S. Berkowitz (Argued) of Berkowitz, Greenstein, Schagrin & Coonin, P.A., Wilmington, for appellee/cross appellant.

Before HORSEY, MOORE and WALSH, JJ.

HORSEY, Justice:

This appeal and cross-appeal require us to construe the provisions of the Delaware Secondary Mortgage Loan Act, 5 Del.C., chapter 31 (hereafter the "Act"). We are required to determine its application to a foreign creditor's suit (following the borrower's default) to foreclose a second mortgage granted by guarantors of a loan — Delaware residents — against their residential real estate...

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