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GREENLEAF FINANCE CO. v. SMALL LOANS REGULATORY BOARD

377 Mass. 282 (1979)

385 N.E.2d 1364

GREENLEAF FINANCE COMPANY & others vs. SMALL LOANS REGULATORY BOARD; DORCHESTER COMMUNITY ACTION COUNCIL & another, interveners.

Supreme Judicial Court of Massachusetts, Suffolk.

February 12, 1979.

Attorney(s) appearing for the Case

Harold Hestnes for the plaintiffs.

Leo S. McNamara, Assistant Attorney General, for the Small Loans Regulatory Board.

Robert Sable (Harry Pierce with him) for the Dorchester Community Action Council & another, interveners.

Present: HENNESSEY, C.J., KAPLAN, WILKINS, LIACOS, & ABRAMS, JJ.

KAPLAN, J.

The Small Loans Regulatory Board (Board), consisting of the Board of Bank Incorporation (the Commissioner of Banks, the Commissioner of Revenue, and the State Treasurer2) and two persons appointed by the Governor (see G.L.c. 26, § 5A), is charged by G.L.c. 140, § 100, with establishing a "maximum rate of charge" for small loans, i.e., loans of $3,000 or less. Such a rate of charge — actually, as permitted by...

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