LOTZ v. CROMER

No. 94-100.

878 S.W.2d 367 (1994)

317 Ark. 250

William LOTZ and Tammy P. Lotz, Appellants, v. Harold CROMER and Nellie Cromer, Appellees.

Supreme Court of Arkansas.

June 6, 1994.


Attorney(s) appearing for the Case

Tony Yocom, Hope, for appellants.

Albert Graves, Jr., Hope, for appellees.


NEWBERN, Justice.

William and Tammy Lotz, the appellants, prevailed on their allegation that the appellees, Harold and Nellie Cromer, had charged interest at a usurious rate on an installment note for the purchase of a home. The Chancellor held that the Lotzes were entitled to twice the amount of interest paid and to have the remaining interest cancelled in accordance with Ark.Const. art. 19, § 13. The Lotzes are dissatisfied with the decree, however, because...

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