ASHLEY v. CUMBERLAND FINANCIAL SERVICES, INC.

No. 51380.

374 So.2d 802 (1979)

J.W. ASHLEY, et ux. v. CUMBERLAND FINANCIAL SERVICES, INC. of Mississippi and Jackson Investment Company.

Supreme Court of Mississippi.

August 29, 1979.


Attorney(s) appearing for the Case

Aubrey M. Childre, McKinley, Zebert & Childre, Pearl, for appellants.

David K. McGowan, Jackson, for appellee.

Before PATTERSON, SUGG and WALKER, JJ.


PATTERSON, Chief Justice, for the Court:

This is an appeal from the Circuit Court of Hinds County, First Judicial District. The court held the loan agreement between the parties was not "altered" within the meaning of Mississippi Code Annotated section 75-17-17 (Supp. 1978). The issue before the Court is whether a loan consummated before July 1, 1974, but paid in full thereafter but before maturity in the absence of a prepayment clause, "altered" the note so that...

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