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Court grants part of FISG’s demand
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Posted on May 31 2019
The Saipan Tribune erroneously reported in a previous article that Express Financial filed a lawsuit against Albert Moolang in pursuant of a loan, but it was actually Financial and Insurance Services Group, Inc. that filed the complaint.
In the corrected article, Financial and Insurance Services Group, Inc. was granted partial judgement in its favor in the sum of $1068.43 following a complaint that was filed with the Superior Court in March.
Moolang failed to appear before the court to plead or defend himself so the court entered a default judgement in favor of Financial and Insurance Services Group, Inc.
According to the order, the court granted FISG’s requests for the principal sum due of $843.43 and the filing cost of $225. The court also granted post judgement interest of 9-percent per annum.
However, the court denied FISG’s request for late fees worth $50, attorneys fees, and also denied the request for pre-judgement interest of 24-percent per annum worth $89.84.
The court found that Moolang did breach his contract with FISG because he failed to pay off a loan of $4,004.45 that he borrowed back in 2015. The principal amount still remaining was $843.43, that the court granted a judgement for in favor of FISG.
The court, however had to deny some of FISG’s other requests because the evidence provided was not sufficient to warrant judgement in their favor.
