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RUSSELL v. LUMBERMEN'S MORTGAGE CO.

No. 108300.

27 Ohio Misc. 171 (1966)

RUSSELL ET AL. v. LUMBERMEN'S MORTGAGE CO. ET AL.

Common Pleas Court of Stark County.

Decided April 19, 1966.

Attorney(s) appearing for the Case

Mr. John L. Russell, for plaintiffs.

Messrs. Lucas, Prendergast, Albright & Warren and Mr. George M. Davidson, Jr., for defendant Lumbermen's Mortgage Company.

Messrs. Garber, Gutfeld & Jaffee, for defendants Brooklyn Savings Bank and Mortgage Securities, Inc.

GRAHAM, J.

The plaintiffs executed a note to Lumbermen's Mortgage Company in the amount of $17,000.00 which bore interest at the rate of 5¼% per annum.

In making the loan the defendant retained a total of $1,105.00 for certain so-called charges. One of these charges was in the amount of $935.00 which was referred to as a "discount." The other was in the amount of $170.00 and was designated an "origination...

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