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SUNBURST BANK v. KEITH

No. 91-CA-00619.

648 So.2d 1147 (1995)

SUNBURST BANK, v. Robert M. KEITH, Jr.

Supreme Court of Mississippi.

January 12, 1995.

Attorney(s) appearing for the Case

Terry L. Caves, W. Dal Williamson, Caves Williamson & Caves, Laurel, for appellant.

James D. Hester, Laurel, for appellee.

Before DAN M. LEE, P.J., and PITTMAN, J.

INTRODUCTION

McRAE, Justice, for the Court:

Robert Keith, Jr. commenced suit against Sunburst Bank (hereinafter the "Bank") in the Second Judicial District of the Jones County Chancery Court to recover the statutory forfeitures for usury collected by the Bank on fifty-eight pre-computed installment notes, plus prejudgment interest. The lower court held the Bank's actions to be usurious and awarded Keith two hundred eighty-nine thousand two hundred sixty...

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