Rynearson v. First Nat. Bank of Rochester

602 F. Supp. 1253, 1985 U.S. Dist. LEXIS 22460
CourtDistrict Court, N.D. Indiana
DecidedFebruary 20, 1985
DocketS 84-241
StatusPublished
Cited by2 cases

This text of 602 F. Supp. 1253 (Rynearson v. First Nat. Bank of Rochester) is published on Counsel Stack Legal Research, covering District Court, N.D. Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Rynearson v. First Nat. Bank of Rochester, 602 F. Supp. 1253, 1985 U.S. Dist. LEXIS 22460 (N.D. Ind. 1985).

Opinion

*1255 MEMORANDUM AND ORDER

ALLEN SHARP, Chief Judge.

This cause is before the court on six motions to dismiss of the various defendants. 1 All defendants challenge the merits of the claim presented in plaintiffs complaint and request that this action be dismissed pursuant to F.R.Civ.P. 12(b)(1) for lack of jurisdiction over the subject matter and/or F.R.Civ.P. 12(b)(6) for failing to state a claim upon which relief can be granted. For the reasons stated below, all of the claims against all of the defendants are dismissed pursuant to F.R.Civ.P. 12(b)(6) for failure to state a claim upon which relief can be granted.

I.

The facts underlying this suit are as follows. On or about September 30, 1974, plaintiff entered into a real estate mortgage agreement with the First National Bank of Rochester (First National) for the sum of $31,400.00. Thereafter, plaintiff procured additional loans from the State Exchange Bank (State Exchange Bank) in Culver, Indiana. On August 16, 1978, he borrowed the sums of $70,000 and $20,000 and on November 24, 1978, he borrowed the sum of $6,500 from State Exchange Bank. Subsequently, these loans, evidenced by separate promissory notes, were consolidated and on November 27, 1981 additional collateral was acquired to secure repayment on the loans. Plaintiff did not repay the loan according to its terms and on October 5, 1983, State Exchange Bank commenced legal proceedings to foreclose the mortgages given as security for the loan and to collect any unpaid balance. 2 Suit was instituted in the Fulton County Circuit Court, Cause No. 83-289, State Exchange Bank v. Larry J. Rynearson and Bethany A. Rynearson and First National Bank of Rochester, Indiana. First National was named defendant in the foreclosure action because it held the first mortgage on the real estate in question. It filed a cross-claim to protect its first mortgage interest.

The Fulton County Circuit Court entered judgment for State Exchange Bank on February 14, 1984 and ordered that the mortgages sued upon by State Exchange Bank and First National be foreclosed. Pursuant to this order, plaintiffs property was sold by sheriffs sale on April 23, 1984 to James J. Fritts.

On April 18, 1984 plaintiff, Larry Rynearson, filed a complaint in this court alleging a cause of action under the following statutes: 18 U.S.C. § 241; 18 U.S.C. § 242; 42 U.S.C. § 1983; 42 U.S.C. § 1985; 42 *1256 U.S.C. § 1986; 28 U.S.C. § 1331; and 28 U.S.C. § 1343. Plaintiff claims the defendant banks and their officers and agents breached contracts with the plaintiff regarding the loan of money (Count One), perpetrated a fraud on the plaintiff under the loan contracts (Count Two), charged usurious interest notes on the monies loaned (Count Three), and conspired against the plaintiff to take actions to harm him (Count Four). All four counts of plaintiffs complain stem from a primary claim that defendants did not actually loan plaintiff lawful or legal tender but merely granted him “bank credit.” Plaintiff “demands that the judgments of State Exchange Bank and First National in Cause # C 83-289 in the Fulton County Court be declared ‘ultra vires’ illegal, null and void and dismissed with prejudice,” and further seeks compensatory, exemplary and punitive damages.

In his amended complaint, plaintiff claims that defendant, Dale L. Cramer, an alleged officer or agent of State Exchange Bank conspired with newly named defendant, Edward T. Ummel (Ummel), an attorney alleged to have prosecuted a foreclosure action against the plaintiff on behalf of State Exchange Bank and newly named defendant, James T. Fritts (Fritts), the alleged purchaser of plaintiff’s foreclosed property at a Sheriff’s Sale, to deprive plaintiff of his property, under color of law, despite having received notice of this pending lawsuit. Plaintiff further alleges Cramer maliciously conspired with Ummel to have the Fulton County (Indiana) REMC shut off the electrical power to plaintiff’s property which had been foreclosed. Moreover, contemporaneous with the filing of this lawsuit, plaintiff filed documents called “Common Law Liens” against the real property of the defendants. Jurisdiction of this court is predicated upon 28 U.S.C. § 1331 and § 1343. 3

II.

The complaint purports to state an action cognizable under 42 U.S.C. §§ 1983, 1985 and 1986 against the named defendants. The court will address first the section 1983 claims. In order to state a claim under 42 U.S.C. § 1983, a complaint must allege a deprivation of rights, privileges or immunities secured by the Constitution or laws of the United States effected under state law. Parratt v. Taylor, 451 U.S. 527, 535, 101 S.Ct. 1908, 1912, 68 L.Ed.2d 420 (1981). Having carefully reviewed the pleadings in this case, this court concludes that plaintiff’s complaint is deficient in these two elements. Plaintiff has not alleged a deprivation of a right, privilege or immunity arising under the Constitution or laws of the United States in Counts One, Two, or Three nor has he specifically alleged state action in connection with these imputed deprivations.

This action includes a large cast of defendants with varying degrees of involvement in the conduct forming the basis of this complaint. Plaintiff’s causes of action are all attempts to void his obligation to repay certain loans from State Exchange Bank and to recover loan interest previously paid on the ground that the monies he received did not constitute legal tender and were therefore insufficient consideration for his promise to repay. Plaintiff did not allege that there was any state action involved in the loan activity nor could he make such an allegation. Even though the bank is an entity subject to regulation by the state, such regulation does not convert the bank’s private loan actions to state action. Jackson v. Metropolitan Edison *1257 Co., 419 U.S. 345, 95 S.Ct. 449, 42 L.Ed.2d 477 (1974).

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Cite This Page — Counsel Stack

Bluebook (online)
602 F. Supp. 1253, 1985 U.S. Dist. LEXIS 22460, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rynearson-v-first-nat-bank-of-rochester-innd-1985.