Pittman v. Domestic Owners’ Financing Corp., 308 You.S. 21 (1939)
Pittman v. House Owners’ Mortgage Corp., 308 You.S. 21 (1939)
- Syllabus
- Circumstances
step one. This new ount of one’s mortgage protected and you can implemented including the ordinary membership percentage as a disorder toward recordation out-of the fresh new device, can not be applied to a mortgage tendered to have list of the Family Owners’ Mortgage Firm and you will securing among its money, in view of one’s conditions of the home Owners’ Financing Act, which state the corporation become an instrumentality of your Joined Says, and that the finance will be exempt away from all of the condition and you will municipal fees.