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HARRELL v. COLONIAL FINANCE CORPORATION

No. 13644.

341 S.W.2d 545 (1960)

B. R. HARRELL et ux., Appellants, v. COLONIAL FINANCE CORPORATION, Appellee.

Court of Civil Appeals of Texas, San Antonio.

Rehearing Denied January 4, 1961.

Attorney(s) appearing for the Case

J. Bruce Aycock, Jourdanton, for appellants.

Dibrell, Gardner & Dotson, San Antonio, for appellee.

POPE, Justice.

This is a usury case. Whether credit insurance and the investment certificate plan are cloaks for usury are the two main legal points. Colonial Finance Corporation, hereafter called lender, sued B. R. Harrell and wife, Annie G. Harrell, hereafter called borrower, for non-payment of a promissory note in the face amount of $468, with interest after maturity, and for attorney's fees. The note was partially secured by a chattel mortgage and an investment...

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