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ATTY. GENERAL v. MICH. NAT'L BANK

Docket No. 50469.

110 Mich. App. 106 (1981)

312 N.W.2d 405

ATTORNEY GENERAL v. MICHIGAN NATIONAL BANK.

Michigan Court of Appeals.

Decided October 6, 1981.

Attorney(s) appearing for the Case

Frank J. Kelley, Attorney General, Robert A. Derengoski, Solicitor General, and Patrick F. Isom, Assistant Attorney General in charge, Consumer Protection Division, for plaintiff.

McLellan, Schlaybaugh & Whitbeck (by Rex E. Schlaybaugh, Jr., and Stephen D. Winter), and Douglas W. Mires, General Counsel, for defendant.

Before: CYNAR, P.J., and J.H. GILLIS and ALLEN, JJ.

CYNAR, J.

Plaintiff's complaint filed on January 30, 1980, contends defendant, a national banking association organized and existing under the laws of the United States, illegally changed its system of calculating moneys to be paid by mortgagors into mortgage escrow accounts from the "zero balance" to the "individual item accrual" method. Prior to January 1980, defendant had been using the "zero balance" method of calculating...

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