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TROUTT v. FIRST FEDERAL SAV. & LOAN ASS'N

No. 83-117.

659 S.W.2d 183 (1983)

280 Ark. 505

Robert G. TROUTT and Janette M. Troutt, Husband and Wife, and Q. Byrum Hurst, Jr. and Rita Hurst, Husband and Wife, Appellants, v. FIRST FEDERAL SAVINGS & LOAN ASSN. OF HOT SPRINGS, Hot Springs, Arkansas, Joined by David E. Whited and Bonnie C. Whited, Husband and Wife, Appellees.

Supreme Court of Arkansas.

Rehearing Denied November 21, 1983.

Attorney(s) appearing for the Case

Richard McMillan, Hot Springs, for appellants.

Wood, Smith & Schnipper by Don M. Schnipper, Hot Springs, for Whited.

Glover, Sanders, Parkerson & Hargraves, Hot Springs, for First Federal Sav. & Loan Ass'n.

HAYS, Justice.

Two issues are raised by this appeal from a foreclosure decree: 1) whether appellants' note to First Federal Savings and Loan Association of Hot Springs providing for 12% interest is void for usury; and 2) whether excessive fees were allowed attorneys for the mortgagees. Neither question is new.

Appellants, Robert and Janette Troutt, executed two notes in October 1981 for the purchase of real property in Garland County. One note, secured by...

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