PROMENADE TWRS. MUTUAL HOUSING CORP. v. METROPOLITAN LIFE

No. 2 September Term, 1991.

324 Md. 588 (1991)

597 A.2d 1377

PROMENADE TOWERS MUTUAL HOUSING CORPORATION v. METROPOLITAN LIFE INSURANCE COMPANY.

Court of Appeals of Maryland.

November 8, 1991.


Attorney(s) appearing for the Case

G. Vann Canada, Jr. (Miles & Stockbridge, both on brief), Rockville, for petitioner.

Charles A. Trainum, Jr. (John F. Hyland, Jr., Christopher J. Kersting, Trainum, Snowdon, Hyland & Deane, P.C., all on brief), Washington, D.C., for respondent.

Argued before MURPHY, C.J., and ELDRIDGE, RODOWSKY, McAULIFFE, CHASANOW, KARWACKI and ROBERT M. BELL, JJ.


RODOWSKY, Judge.

In this case a debtor claims the right to prepay in full the debt incurred in a commercial transaction and secured by a deed of trust that is silent on prepayment. We shall apply the general rule, namely that, absent a statute or agreement permitting prepayment, the mortgagor has no right to prepay. But, before we reach that conclusion, we must address the debtor's contention that the Maryland rule on mortgage prepayment is the opposite of the general...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases