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WASHINGTON FEDERAL SAV. & LOAN v. BAKER

No. C8-85-301.

374 N.W.2d 786 (1985)

WASHINGTON FEDERAL SAVINGS AND LOAN ASSOCIATION OF STILLWATER, Appellant, v. Thomas W. BAKER, et al., Defendants and Third Party Plaintiffs, Respondents, First Plymouth National Bank, Third Party Defendant, Respondent.

Court of Appeals of Minnesota.

Review Denied December 13, 1985.

Attorney(s) appearing for the Case

Harold D. Kimmel, Stillwater, for appellant.

James M. Strommen, Minneapolis, for Thomas W. Baker.

Allan R. Shaw, Minneapolis, for First Plymouth Nat. Bank.

Heard, considered and decided by FOLEY, P.J., and FORSBERG and NIERENGARTEN, JJ.

OPINION

NIERENGARTEN, Judge.

This appeal is from a judgment entered December 6, 1984. The trial court found that a loan made by appellant Washington Federal to respondents Thomas and Patricia Baker was usurious and thereby void. We reverse.

FACTS

Washington Federal is a federally chartered savings and loan association. On June 28, 1975, Thomas Baker applied for a federally insured property improvement loan so that he could remodel a four...

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