DILLON v. RESOLUTION TRUST CORP.

No. 90-334.

811 S.W.2d 765 (1991)

306 Ark. 173

Gerald W. DILLON, Appellant, v. RESOLUTION TRUST CORPORATION, as Conservator for Madison Guaranty Savings and Loan Association, Appellee.

Supreme Court of Arkansas.

June 24, 1991.


Attorney(s) appearing for the Case

Robert J. Brown, Little Rock, for appellant.

Frederick S. Wetzel, III, Little Rock, for appellee.


WILLIAM I. PREWETT, Special Justice.

On March 21, 1985, appellant Dillon executed a promissory note in the principal amount of $14,000 providing for 23 monthly payments of $161.53 plus a 24th payment of the principal amount of $14,000 plus $161.53. The stated interest rate was 13% per annum. Payments of $161.53 per month as provided in the note with the 24th payment being in the amount of the original principal plus the monthly stated amount is an interest charge...

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