Timothy R. Polmateer

Mar 23, 2023 | jdsupra.com | Siobhan M. O'Donnell |Timothy R. Polmateer

The California Supreme Court (Cal. Supreme Court Case No. S277159) denied review of the California 1st District Court of Appeal decision in Honchariw v. FJM Priv. Mortg. Fund, LLC, resting the holding as current law in California. The Court of Appeal’s December 2022 holding provides that no lender may charge default interest against the principal balance of a loan following a payment-only default unless such default is a maturity default.