HOUGH, Circuit Judge (after stating the facts as above).
The declaration avers that on or about November 1, 1919, the bank loaned Rand $10,400, "with interest at 6 per cent. per annum." On November 1, 1920, plaintiff paid all interest due and "renewed said note"; but "upon said renewed note the defendant knowingly reserved and charged a rate of interest exceeding" the lawful rate, viz. 7 per cent.
The plea avers that, before the said $10,400 was loaned to...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
