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THOMASSON v. MONEY STORE/FLORIDA, INC.

No. 84-1913.

464 So.2d 1309 (1985)

James S. THOMASSON and Melody A. Thomasson, His Wife, Appellants, v. The MONEY STORE/FLORIDA, INC., a Florida Corporation, Appellee.

District Court of Appeal of Florida, Fourth District.

March 13, 1985.

Attorney(s) appearing for the Case

William J. McPharlin of William J. McPharlin, P.A., Fort Lauderdale, for appellants.

Harry G. Carratt of Morgan, Carratt & O'Connor, P.A., Fort Lauderdale, and Angelo P. Demos of Demos & Carter, Miami, for appellee.

PER CURIAM.

Appellee loaned money to appellants at a rate of interest which exceeded that permitted by the usury statute, Chapter 687, Florida Statutes (1983). Appellee contended that it made the loan pursuant to a commitment to purchase by the Federal National Mortgage Association (FNMA), therefore rendering the loan exempt from the usury statute by operation of Section 687.03(2)(a)(3). The trial court entered summary final judgment in favor of appellee; we reverse...

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