Court Opinion

ID: 9738923
Source: CourtListenerOpinion
Date Created: 2023-08-26 20:05:24.702119+00
Date Added: 2024-06-11T07:24:09.254415
License: Public Domain

FORSBERG, Judge
(dissenting):
I respectfully dissent. The majority takes the position that the agreement by the Bank to pay off appellant’s loan ahead of his son’s loan is not a credit agreement within the meaning of Minn.Stat. § 513.33 (a position not even argued by appellant). Minn.Stat. § 513.33, subd. 1(1) (1988) defines a “credit agreement” as
an agreement to lend or forbear repayment of money, goods, or things in action, to otherwise extend credit, or to make any other financial accommodation.
The statute further provides:
A debtor may not maintain an action on a credit agreement unless the agreement is in writing, expresses consideration, sets forth the relevant terms and conditions, and is signed by the creditor and the debtor.
Minn.Stat. § 513.33, subd. 2 (1988). It would seem that the agreement in question *364is an attempt to make a “financial accommodation."