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IN RE LAWSON SQUARE, INC.

No. 86-2183.

816 F.2d 1236 (1987)

In re LAWSON SQUARE, INC. FIRSTSOUTH, F.A., Appellee, v. LAWSON SQUARE, INC., Appellant.

United States Court of Appeals, Eighth Circuit.

Decided April 15, 1987.

Attorney(s) appearing for the Case

James J. Glover, Little Rock, Ark., for appellant.

Richard L. Ramsay, Pine Bluff, Ark., for appellee.

Before ROSS, ARNOLD, and MAGILL, Circuit Judges.

ARNOLD, Circuit Judge.

This case requires us to determine what legal ceiling, if any, exists for interest rates on loans secured by a first lien on residential real property in Arkansas. We hold that the governing statute is Section 501(a)(1) of the Depository Institutions Deregulation and Monetary Control Act of 1980, 12 U.S.C. § 1735f-7 note, and that there is no legal limit on interest rates on loans secured by a first lien on residential real property in...

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