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GRADY v. PRICE

No. 7053.

94 Ariz. 252 (1963)

383 P.2d 173

E.L. GRADY and Lorna A. Grady, husband and wife, Appellants, v. Lewis B. PRICE and Wilma F. Price, husband and wife, Appellees.

Supreme Court of Arizona. In Division.

June 26, 1963.

Attorney(s) appearing for the Case

Merchant, Parkman, Miller & Pitt, Tuscon, for appellants.

Hirsch, Van Slyke, Richter & Ollason, Tucson, for appellees.

JENNINGS, Justice.

The appellants E.L. Grady, a mortgage broker and licensed attorney, and his wife, brought suit to foreclose certain mortgages which secured construction loans made by or through him to the appellees. Appellees counterclaimed for the amount of charges exacted by appellants on these loans alleging that such charges were usurious under A.R.S. § 44-1202.1 The foreclosure suits were carried to completion, and the issues...

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