Opinion ID: 1463910
Heading Depth: 2
Heading Rank: 3

Heading: Doody's Third Question

Text: In addition to the two questions the Fifth Circuit certified to the Court, Doody presents a third question for our consideration. This question is: If a loan made pursuant to section 50(a)(6) requires the borrower to pay, at the inception of the loan, premiums to insure the homestead from casualty loss, do these premiums constitute fees to any person that are necessary to originate, evaluate, maintain, record, insure, or service the extension of credit under section 50(a)(6)(E)? Doody observes that the Fifth Circuit decided this issue of unsettled state law before reaching the questions it certified to this Court. The Fifth Circuit held such premiums were not fees under section 50(a)(6)(E). Doody, 242 F.3d at 289. Doody believes the Fifth Circuit did not correctly interpret our Constitution and requests that this Court consider this issue in addition to the two certified questions. But the Fifth Circuit has only asked us to decide two questions. Thus, we decline to consider Doody's third question at this time.