A Minnesota statute, in view of the economic emergency, provided, among other things, that courts might, upon petition of a mortgagor, extend the period of redemption from mortgage foreclosure sales for a definite time not beyond May 1, 1935. If a court took such action, the mortgagor was to remain in possession of the premises and pay a reasonable rental to the mortgagee. Held, by the United States Supreme Court in a five-to-four decision, that this statute did not violate the contracts, or due process, or equal protection clauses of the Constitution. Home Building and Loan Association v. Blaisdell, 1 UNITED STATES LAW WEEK, index p. 381 (January 9, 1934). (A discussion of this case, as decided by the Minnesota Supreme Court, and a collection of cases on this subject appeared in an earlier number of this Review.)
CONSTITUTIONAL LAW - MORATORY LEGISLATION,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol32/iss4/11