Franconia Associates, et al. v. United States

Decided June 10, 2002. Ruth Bader Ginsburg delivered the opinion of the Court.

Docket 01-455 · 536 U.S. 129 (2002) · Cited 273 times

Holding

Because ELIHPA’s enactment qualified as a repudiation of the parties’ bargain, not a present breach of the loan agreements, breach would occur, and the six-year limitations period would commence to run, when a borrower tenders prepayment and the Government then dishonors its obligation to accept the tender and release its control over use of the property securing the loan.

The Court’s statement of the holding, from the opinion’s syllabus. The syllabus is prepared by the Reporter of Decisions and is not part of the opinion of the Court — read the official opinion for authority.

How the Justices voted

Decided 9–0.

“Concurring” means agreeing with the outcome; any split shown is the Court’s judgment, not each Justice’s reasoning. Source: the Supreme Court Database (Spaeth et al.), Washington University.

Precedents cited

Supreme Court decisions this opinion relies on, ordered by how often it cites each. Cases in our collection link through; others are named.

• McMahon v. United States · 342 U.S. 25 (1951)
• Mobil Oil Exploration & Producing Southeast, Inc. v. United States · 530 U.S. 604 (2000)
• Irwin v. Department of Veterans Affairs · 498 U.S. 89 (1990)
• Bowen v. City of New York · 476 U.S. 467 (1986)
• United States v. King · 395 U.S. 1 (1969)
• Clearfield Trust Co. v. United States · 318 U.S. 363 (1943)
• Priebe & Sons, Inc. v. United States · 332 U.S. 407 (1947)
• Crown Coat Front Co. v. United States · 386 U.S. 503 (1967)

Cited by

Later Supreme Court opinions in our collection that cite this case.

• John R. Sand & Gravel Co. v. United States · 552 U.S. 130 (2008)
• Scarborough v. Principi · 541 U.S. 401 (2004)
• United States v. Kwai Fun Wong · 575 U.S. 402 (2015)
• Alabama v. North Carolina · 560 U.S. 330 (2010)
• Cherokee Nation of Okla. v. Leavitt · 543 U.S. 631 (2005)
• Corner Post, Inc. v. Board of Governors · 603 U.S. 799 (2024)

Official text

Read the official opinion (U.S. Reports, govinfo.gov)

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Source: Supreme Court of the United States, slip opinions (2002). Citation count from the Free Law Project’s CourtListener bulk data. Data last verified 2026-07-03. Informational only; verify against the primary source before relying. Not a consumer report (FCRA).