[DOWNLOAD] "Smiley V. Citibank" by Supreme Court Of California * Book PDF Kindle ePub Free
eBook details
- Title: Smiley V. Citibank
- Author : Supreme Court Of California
- Release Date : January 01, 1995
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 98 KB
Description
We granted review in this cause -- which is one of numerous similar matters brought in federal and state courts throughout the nation -- in order to consider the meaning and effect of section 30 of the National Bank Act of 1864. In pertinent part and without substantive change, the provision has been incorporated in section 5197 of the Revised Statutes of 1878, and has been codified in section 85 of title 12 of the United States Code (hereafter section 85), which is its common designation. As relevant here, it provides that a national banking association, or more simply a national bank, "may take, receive, reserve, and charge on any loan . . . interest at the rate allowed by the laws of the State . . . where the bank is located . . . ." (Italics added.) Our question is, "May the term 'interest' be construed to cover late payment fees?" Our answer is, "Yes, if such fees are allowed by a national bank's home state."
![](http://pinterest.com/pin/create/button/?url=https://rcipxzaurm.blogspot.com/2021/01/download-smiley-v-citibank-by-supreme.html&media=https://is5-ssl.mzstatic.com/image/thumb/Publication/v4/90/19/fe/9019fe1a-0554-a7c2-ef07-c8276d0ea75e/source/700x700bb.jpg&description=[DOWNLOAD] "Smiley V. Citibank" by Supreme Court Of California * Book PDF Kindle ePub Free){kind=link}