1. Home
  2. Browse Decisions
  3. P.2d
  4. 269 P.2d
  5. 269 P.2d 743 (1954)
 

STIFF v. FOGERSON

No. 5736.

269 P.2d 743 (1954)

58 N.M. 193

STIFF v. FOGERSON.

Supreme Court of New Mexico.

April 8, 1954.

Attorney(s) appearing for the Case

Glenn G. Stiff, Roswell, for appellant.

Smith & Smith, Clovis, for appellee.

COMPTON, Justice.

The question presented is whether statutory penalties for usury, in excess of the principal indebtedness plus the highest legal rate of interest, will support a judgment over for the borrower.

The applicable statute, § 53-607, 1941 Comp., provides:

"If a greater rate of interest than is hereinbefore, in section 1 (§ 53-606) allowed, shall be contracted for or received or reserved, the contract shall not therefor be void...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases