MADDEN v. HARLANDALE BANK

No. 8160.

574 S.W.2d 590 (1978)

David W. MADDEN, Individually and d/b/a Century Marketing Corporation, Appellants, v. HARLANDALE BANK, Appellee.

Court of Civil Appeals of Texas, Beaumont.

Rehearing Denied November 30, 1978.


Attorney(s) appearing for the Case

Richard E. Langlois, R. Emmett Cater, San Antonio, for appellants.

Dennis K. Drake, San Antonio, for appellee.


KEITH, Justice.

Plaintiffs below appeal from a summary judgment which denied a recovery of the statutory penalties for the charging of unearned interest upon a loan made by the defendant bank. Our facts are undisputed and the parties disagree only on the law question. We affirm.

In October, 1975, Harlandale Bank made an installment loan to Ralph G. Colwell in the principal amount of $15,830.79 with an interest charge of $3,799.29 payable in forty-eight monthly...

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