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STURM v. PEOPLES TRUST & SAVINGS BANK

No. 04-1139.

713 N.W.2d 1 (2006)

Mark STURM and Lori J. Sturm, Appellants, v. PEOPLES TRUST & SAVINGS BANK, Appellee.

Supreme Court of Iowa.

April 14, 2006.

Attorney(s) appearing for the Case

Benjamin T. Doran of Doran Anderson & Baltimore, P.L.C., Boone, for appellants.

Bernard L. Spaeth, Jr. of Whitfield & Eddy, P.L.C., Des Moines, for appellee.

LARSON, Justice.

The plaintiffs, Mark and Lori J. Sturm, defaulted on loans they had obtained from Peoples Trust & Savings Bank (Peoples), and Peoples foreclosed. After the foreclosure, Sturms filed this suit, claiming the loan papers had failed to comply with a federal statute, that Peoples negligently misrepresented the rights and duties under the loan agreements, and that they had suffered damages as a result. The district court sustained Peoples' motion for...

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