SCHOLFIELD, C.J.
Russell Daffern appeals from the trial court's denial of his counterclaim for relief under the usury statute in an action against him on a promissory note. We reverse.
On May 1, 1980, Daffern purchased a truck and trailer from Metro Hauling, Inc. Daffern executed as maker a promissory note for $27,000 at 12 percent interest, to be paid in monthly installments of $711.02. Metro retained title to the vehicles as security.
Daffern was...
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