[Download] "United States v. Mehrmanesh" by United States Court of Appeals for the Ninth Circuit # Book PDF Kindle ePub Free

February 28, 2021

eBook details

Title: United States v. Mehrmanesh
Author : United States Court of Appeals for the Ninth Circuit
Release Date : January 05, 1982
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 71 KB

Description

These consolidated appeals, two direct appeals and a cross appeal, arise out of a class action under Â§Â§ 85 and 86 of the National Bank Act (Bank Act), for double recovery of usurious interest. Following determinations that two practices of First National Bank of Oregon (First National) resulted in usury, judgment was awarded to subclass III and several members of subclass IV. The district court declined to add prejudgment interest to the statutory double recoveries. It further ruled that the requirement of First National that certain borrowers maintain compensating balances resulted in usury as to two members of subclass IV but not as to a third member. We affirm.