KAROTKO v. HAYES

No. 266.

29 Pa. D. & C. 2d 201 (1962)

Karotko v. Hayes

Common Pleas Court of Erie County, Pennsylvania.

August 22, 1962.


Attorney(s) appearing for the Case

Thomas E. Doyle, for plaintiffs.

Lindley R. McClelland, for defendants.


EVANS, P. J., August 22, 1962.

This matter is before the court on defendants' preliminary objections to plaintiffs' petition for a declaratory judgment.

Plaintiffs allege the existence of mortgages on their property located in Erie County which contain as part of their principal sum a usurious charge of ten percent on the actual sums loaned. It is averred that arrangements have been made with a banking institution to furnish sums of money on a first mortgage...

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