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Category Archives: Interest Rates

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Still Not Valid When Made

Posted in Circuit Split, Interest Rates, SCOTUS
Last year, we posted about Madden v. Midland Funding, LLC, 786 F.3d 246 (2d Cir. 2015), where the Second Circuit Court of Appeals decided to ignore the “Valid When Made” doctrine.  This is the established common law doctrine that if a loan is non-usurious when made, it remains non-usurious when assigned to another creditor, even… Continue Reading