CALLISTER, Chief Justice:
Plaintiffs initiated this action to recover the statutory penalty (three times the amount of interest paid, as provided in Section 15-1-7, U.C.A. 1953) on an alleged loan transaction with defendants, wherein an alleged usurious rate of interest was exacted. Defendants moved for summary judgment, which the trial court granted; plaintiffs appealed therefrom.
At the inception of this opinion it should be related that in defendants' motion...
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