1. Watters v. Wachovia Bank, N.A., [No. 05-1342], SUPREME COURT OF THE UNITED STATES, November 29, 2006, Argued , April 17, 2007, Decided
OVERVIEW: Provisions of Michigan mortgage lending statutes were preempted by the National Bank Act and did not apply to an operating subsidiary of a national bank; pursuant to 12 U.S.C.S. §§ 24, Seventh, 24a(g)(3)(A), 484(A), and 371(a), the bank was authorized to engage in real estate lending through the subsidiary without significant state law impairment.
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