Federal Circuit Affirms Ruling on Term of Prepayment Ban in Damage Calculations for Takings Claims

摘要

Damages on takings claims for two model plaintiffs in the Cienega Gardens mortgage prepayment litigation who signed low-income use agreements should be calculated by treating the prepayment ban as remaining in effect for the full term of the agreements, rather than ending when Congress restored the right to prepay in 1996, the U.S. Court of Appeals for the Federal Circuit held, affirming its previous ruling on this issue.