JONES v. KALLMAN

Docket No. G003998.

199 Cal.App.3d 131 (1988)

244 Cal. Rptr. 609

JAMES A. JONES, Plaintiff and Appellant, v. KENNETH KALLMAN et al., Defendants and Respondents.

Court of Appeals of California, Fourth District, Division Three.

March 1, 1988.


Attorney(s) appearing for the Case

COUNSEL

York & Walker and Michael G. York for Plaintiff and Appellant.

No appearance for Defendants and Respondents.


OPINION

WALLIN, J.

Plaintiff James Jones appeals from a defense verdict in an action for usury in connection with a real estate loan. Jones argues the court erred in finding the loan "broker-arranged" and therefore exempt from state usury laws. We affirm.

I

In May 1980 Jones bought an apartment building under a land sale contract and assumed a $100,000 second trust deed loan on the property, due in January 1981....

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