1. Home
  2. Browse Decisions
  3. F.2d
  4. 509 F.2d
  5. 509 F.2d 872 (1975)
 

FIRST NATIONAL BANK IN MENA v. NOWLIN

Nos. 74-1397 and 74-1427.

509 F.2d 872 (1975)

FIRST NATIONAL BANK IN MENA, Appellant, Cross-Appellee, v. Jack A. NOWLIN, Appellee, Cross-Appellant.

United States Court of Appeals, Eighth Circuit.

Decided January 17, 1975.

Attorney(s) appearing for the Case

C. J. Giroir, Jr., Little Rock, Ark., for appellant, cross-appellee.

Jerry D. Jackson, Little Rock, Ark., for appellee, cross-appellant.

Before GIBSON, Chief Judge, CLARK, Associate Justice, Retired, and WEBSTER, Circuit Judge.

GIBSON, Chief Judge.

Is a note which is usurious under state law also usurious when made to a national bank? With the limited exception of a short-term single payment note, we think it is. The central issue presented by this litigation is whether the National Bank Act, 12 U.S.C. § 21 et seq., permits a national bank in Arkansas to reserve interest in advance on installment loans calculated at a numerical rate not in excess of the statutory Arkansas usury...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases