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GRUNBECK v. DIME SAV. BANK OF NEW YORK, FSB

Civ. No. 93-356-B.

848 F.Supp. 294 (1994)

Robert and Jennifer GRUNBECK v. The DIME SAVINGS BANK OF NEW YORK, FSB.

United States District Court, D. New Hampshire.

March 24, 1994.

Attorney(s) appearing for the Case

Jewel Kline, George Dickson, for plaintiffs.

Douglas Verge, for defendants.

Walter Maroney, for amicus curiae.

ORDER

BARBADORO, District Judge.

Robert and Jennifer Grunbeck seek declaratory and injunctive relief preventing Dime Savings Bank of New York, FSB ("Dime") from foreclosing on their home in Milford, New Hampshire. The Grunbecks allege that Dime's security interest in their home is unenforceable because the promissory note it secures authorizes Dime to charge compound interest in violation of N.H.Rev. Stat.Ann. 397-A:14 (West 1992). Dime presently...

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