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Bankruptcy – Appeals – Real Property – Mortgages – Interest Rate Floor – Note & Rider (access required)

If there was a floor to the variable interest rate on the appellant-debtors’ note and mortgage, the debtors are in default; however, if there was no floor, the debtors have overpaid. Where a rider to the debtors’ mortgage set an eight-percent floor on their interest rate, but where the debtors’ promissory note set no floor ...

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