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GALLOIS v. COMMERCIAL SECURITIES CO., INC.

No. 79-3473.

661 F.2d 901 (1981)

Richard L. GALLOIS, Jr., Plaintiff-Appellant, v. COMMERCIAL SECURITIES COMPANY, INC. Defendant-Appellee.

United States Court of Appeals, Fifth Circuit. Unit A

November 16, 1981.

Attorney(s) appearing for the Case

Patrick D. Breeden, New Orleans, La., for plaintiff-appellant.

Michael H. Rubin, Robert A. Hawthorne, Jr., Baton Rouge, La., Harry V. Singreen, New Orleans, La., for defendant-appellee.

Before BROWN, AINSWORTH and GEE, Circuit Judges.

PER CURIAM:

In March, 1973, Richard L. Gallois (Gallois) borrowed $1230.00 from Commercial Securities Co. (Commercial) to be repaid in 30 monthly installments. Gallois signed a note which provided that interest would be charged at the highest rate authorized by Louisiana law if not paid in full by the contract maturity date, and also included a chattel mortgage which evidenced a credit life insurance policy with the premium paid by the borrower. In February, 1974...

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