NATIONAL HOME EQUITY MORTG. ASS'N v. FACE

No. Civ.A.3:99CV398.

64 F.Supp.2d 584 (1999)

NATIONAL HOME EQUITY MORTGAGE ASSOCIATION, Plaintiff, v. E. Joseph FACE, Jr., Commissioner of Financial Institutions, Bureau of Financial Institutions, Virginia State Corporation Commission, Susan E. Hancock, Deputy Commissioner, Consumer Finance, Bureau of Financial Institutions, Virginia State Corporation Commission, Defendants, Mark L. Earley, Attorney General of Virginia, Intervenor-Defendant.

United States District Court, E.D. Virginia, Richmond Division.

September 10, 1999.


Attorney(s) appearing for the Case

Earle Duncan Getchell, Jr., McGuire, Woods, Battle & Boothe, Richmond, VA, for National Home Equity Mortgage Association, plaintiff.

James Constantine Dimitri, State Corporation Commission, Office of General Counsel, Richmond, VA, Robert A. Dybing, Shuford, Rubin & Gibney, P.C., Richmond, VA, William Frederick Schutt, State Corporation Commission, Richmond, VA, William H. Chambliss, State Corporation Commission, Richmond, VA, for E. Joseph Face, Jr., Susan E. Hancock, defendants.

Martha Blevins Brissette, Mark Lawrence Earley, Judith W. Jagdmann, Office of the Attorney General, Richmond, VA, for Mark L. Earley, movant.


MEMORANDUM OPINION

RICHARD L. WILLIAMS, Senior District Judge.

This matter is before the Court on the parties' cross motions for summary judgment regarding the Alternative Mortgage Transaction Parity Act of 1982, 12 U.S.C. §§ 3801-06, ("the Parity Act") and whether it preempts Virginia laws limiting prepayment penalties. National Home Equity Mortgage Association ("NHEMA" or "plaintiff") has filed a motion for summary judgment asserting that...

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