First American’s power to deposit checks in First nationwide Bank’s account will not show that First United states may be the loan provider.

First American’s power to deposit checks in First nationwide Bank’s account will not show that First United states may be the loan provider.

Plaintiff points to First United states’s power to deposit the borrowers’ checks when you look at the banking account as evidence that First United states may be the entity actually managing the loans.

First nationwide Bank’s part in analyzing applications, delivering the approved loan requests, funding the loans, and accepting the mortgage proceeds constitutes enough interstate business to fulfill the meaning of “involving commerce” in the concept of 9 U.S.C. В§В§ 1,2. See Staples v. Money Tree Inc., 936 F. Supp. 856, 858 (M.D.Ala.1996).

The FAA makes legitimate any agreement that is”written arbitrate a dispute arising *1374 out of the deal involving interstate commerce, save upon such grounds as occur at law or in equity for the revocation of the agreement.” Bess, 294 F.3d at 1304. But, their state legislation must affect agreements generally speaking and never arbitrations especially. Id. at 1306. Continua a leggere