PINEMONT BANK v. DuCROZ

No. 1220.

528 S.W.2d 877 (1975)

PINEMONT BANK, Appellant, v. Charles L. DuCROZ et al., Appellees.

Court of Civil Appeals of Texas, Houston (14th Dist.).

Rehearing Denied October 29, 1975.


Attorney(s) appearing for the Case

Robert J. Adam, Adam, Adam & Anderson, Stanley B. Binion, Reynolds, White, Allen & Cook, Houston, for appellant.

Leonard Passmore, Austin, for amicus curiae.

Jack L. Andrus, Jr., Andrus & Jay, Pasadena, for appellees.


COULSON, Justice.

This is an appeal from a summary judgment granted the plaintiffs in their claims for usury. Charles L. DuCroz, Charles A. DuCroz and Pauline DuCroz, were each granted judgment for $101,466.08 under the Texas Usury Statute. Pinemont Bank (defendant) appeals. We reverse and remand.

In September of 1970, a note was executed payable to Pinemont Bank in the amount of $180,000 bearing interest at 13¼ per annum. The note bears seven signatures...

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