MEMORANDUM DECISION
NICHOL, Chief Judge.
This suit was initiated by the United States of America in an effort to recover money loaned to the defendant, Sheryl A. (Samuelson) Dold, by the First National Bank of Watertown, South Dakota. (The loan was insured by the federal government under the auspices of The Federally Insured Student Loan Program).
A court trial was held on October 16, 1978. The plaintiff and defendant were given an opportunity to...
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