East New York Savings Bank v. Hahn,
Annotate this Case
326 U.S. 230 (1945)
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U.S. Supreme Court
East New York Savings Bank v. Hahn, 326 U.S. 230 (1945)
East New York Savings Bank v. Hahn
Argued October 18, 1945
Decided November 5, 1945
326 U.S. 230
1. Chapter 93 of the Laws of New York of 1943, which extended for a further period of one year moratory legislation first enacted in 1933, whereby as to mortgages executed prior to July 1, 1932, the right of foreclosure for default in the payment of principal was suspended, held not repugnant to the contract clause of the Federal Constitution. Pp. 326 U. S. 231, 326 U. S. 234.
2. The incidence of mortgage moratorium legislation on an isolated contract must be considered in the light of the right of the State to safeguard the interests of its people. P. 326 U. S. 232.