No. 2-90-0827.

569 N.E.2d 586 (1991)

210 Ill. App.3d 669

155 Ill.Dec. 405

Fred J. ORTEGEL, et al., Plaintiffs-Appellants, v. ITT THORP CORPORATION, Defendant-Appellee.

Appellate Court of Illinois, Second District.

March 18, 1991.

Attorney(s) appearing for the Case

Gantar & DeMartini, Ltd., Michael W. Gantar, Antioch, for Fred J. Ortegel and Lucille M. Ortegel.

O'Neill & Bockelman, Scott H. Kenig, O'Neill & Bockelman, P.C., Lake Forest, for ITT Thorp Corp.

Justice McLAREN delivered the opinion of the court:

Plaintiffs, Fred and Lucille Ortegel, appeal from an order of the circuit court which denied their motion for summary judgment and granted summary judgment in favor of defendant, ITT Thorp Corporation, on its cross-motion. The sole issue on appeal is whether the Illinois Interest Act (Ill.Rev.Stat.1989, ch. 17, par. 6401 et seq.) prohibits loan charges from being computed on the basis of the "Rule of 78's...

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