District Court of Appeal of Florida December 4, 1981, No. 81-1347 (Michigan National Bank-Michiana v. Baumgart)

RYDER, Judge.

Appellant claims the trial court erred in denying its motion to dismiss pursuant to the venue provision under 12 U.S.C. § 94 (1970). We agree and reverse.

While residents of Michigan, appellees obtained an automobile loan from appellant, which was located in the state of Michigan, pledging the automobile as security for the loan.