MICHAEL J. KELLY, P.J.
Plaintiff appeals by leave granted an order of the circuit court reversing the district court's judgment of a land contract forfeiture in favor of the Federal Deposit Insurance Corporation (FDIC). The circuit court held as a matter of law that the FDIC is subject to the interest forfeiture provision of the Michigan usury statute, MCL 438.32; MSA 19.15(2), and that the FDIC therefore was not entitled to collect back interest on defendant's land...
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