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MICHIGAN SAV. & LOAN LEAGUE v. FRANCIS

Civ. No. 872527.

490 F.Supp. 892 (1980)

MICHIGAN SAVINGS AND LOAN LEAGUE, a Michigan Corporation, et al., Plaintiffs, v. Richard J. FRANCIS, as Commissioner of the Michigan Financial Institutions Bureau of the Department of Commerce of the State of Michigan, et al., Defendants.

United States District Court, E. D. Michigan, S. D.

May 8, 1980.

Attorney(s) appearing for the Case

Fred J. Fechheimer, Dykema, Gossett, Spencer, Goodnow, Trigg, Troy, Mich., for plaintiffs.

Robert Ianni, Asst. Atty. Gen., Lansing, Mich., John E. Gunther, Washington, D.C., for defendants.

MEMORANDUM OPINION

DeMASCIO, District Judge.

The plaintiffs, a group of federally chartered savings and loan associations, and the Michigan Savings and Loan League (League), their trade association, filed this suit for a declaratory judgment that they are exempt from the provisions of the Michigan Mortgage Lending Practices Act (the Act), M.C.L.A. § 445.1601 et seq., Michigan's anti-redlining statute...

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