After a very tortured procedural history, the summary of which runs until the tenth page and includes two removal to the federal district court for the EDNC and the involvement in class action cases decided by the 3rd Circuit Court of Appeals, the North Carolina Court of Appeals ruled that the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDA) did not preempt North Carolina law regarding fees charged in connection with a loan, rejecting (as had the 3rd Circuit Court of Appeals) the argument that limitations on interest were preempted as the term "interest" cou
Pete Wall Plumbing (PWP) sought to enforce its materialmen's lien against property developed by Sandra Anderson Builders (SAB), in conjuction with Carolina Bank and the Greensboro Housing Authority.
Due to the multiparty nature of a development, SAB was both an owner of the properties under Chapter 44A, Article 2, Part 1, by virtue of the Subleases, see N.C. Gen. Stat.
Bobby Stanley, now deceased, borrowed $300,000 from the Plaintiff. Following his death, Yow took responsibility for the debt and the Plaintiff agreed to have the original note marked as satisfied and cancelled.
The Court of Appeals held that this was sufficient under N.C. Gen. Stat § 25-3-604 to show the debt was satisfied.
Lewis v Stanley.PDF
Real Property was owned by Walter Davis and his wife, Shelvia Davis, as tenants by the entireties. Deed of Trust listed "Walter Davis, A Married Man" as the grantor, but Shelvia Davis was both present at the closing and had signed and/or initialed several of the documents.
The Court of Appeals held that while Wachovia had failed to provide timely notice of the hearing on a Motion for Summary Judgment, the Davis's, who appeared pro se, had proper notice of the motion itself and being present at the hearing had not
