MAPES v. PALO ALTO TOWN AND COUNTRY VILLAGE

No. CV-R-82-200-ECR.

584 F.Supp. 508 (1984)

Charles W. MAPES, et al., Plaintiffs, v. PALO ALTO TOWN AND COUNTRY VILLAGE, INC., Defendant.

United States District Court, D. Nevada.

May 2, 1984.


Attorney(s) appearing for the Case

Walther, Key, Maupin, Oats, Cox, Lee & Klaich by Ernest J. Maupin, III, Reno, Nev., for Gloria Walker Mapes.

H. Dale Murphy, Reno, Nev., for Charles W. Mapes.

C. David Russell, Guild, Hagen & Clark, Ltd., Reno, Nev., for defendant.


MEMORANDUM DECISION AND ORDER

EDWARD C. REED, Jr., District Judge.

Defendant has moved for summary judgment on the ground that an amendment to Nevada's usury statute permits the parties to agree on any rate of interest, thus negating the material contention of Plaintiffs that the promissory note here involved is usurious. It is Defendant's position that the amendment must be given retroactive effect.

The promissory note is dated April 15, 1980, and...

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