United States Supreme Court

Because enactment of the Emergency Low Income Housing Preservation Act qualified as a repudiation of a housing loan, not a present breach of the loan agreements, the six-year statute of limitations began to run when mortgagees tendered prepayment, and the government dishonored its obligation to accept the tender and release control over use of property securing the loan.

Appellate Information

• Decided 06/10/2002
• Published 06/10/2002

Judges

Court

• United States Supreme Court

Counsel