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DELTA SAV. & LOAN ASS'N, INC. v. A.C.V., INC.

Civ. A. No. 89-683-B.

750 F.Supp. 759 (1990)

DELTA SAVINGS & LOAN ASSOCIATION, INC. v. A.C.V., INC.

United States District Court, M.D. Louisiana.

October 25, 1990.

Attorney(s) appearing for the Case

Nathalie Walker, Gordon, Arata, McCollam & Duplantis, New Orleans, La., for plaintiff.

J. Glenn Dupree, Baton Rouge, La., for defendant.

RULING ON THE RESOLUTION TRUST CORPORATION'S MOTION FOR SUMMARY JUDGMENT

POLOZOLA, District Judge.

On June 28, 1984, A.C.V., Inc. (ACV) executed a loan agreement and a secured promissory note with Commercial Federal Savings & Loan Association (Commercial Federal) in the principal amount of $3,200,000.00 bearing an annual interest rate of 15% and payable upon demand.1 The secured promissory note was sold, assigned, delivered...

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