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BROWN v. INVESTORS MORTGAGE CO.

No. 96-35477.

121 F.3d 472 (1997)

Catherine Pierce BROWN, a single woman, Plaintiff-Appellant, v. INVESTORS MORTGAGE COMPANY; Seattle Management Company; Stephen H. Anderson; Jane Doe Anderson; Puget Sound Investment Group; CLS Mortgage Inc.; Thomas Harsh Inc., d/b/a Thomas Harsh Profit Sharing Plan, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided July 29, 1997.

Attorney(s) appearing for the Case

Mark S. Elgot, Seattle, WA, for Plaintiff-Appellant.

Jonathan B. Noll and David Utevsky, Foster, Pepper & Shefelman, Seattle, WA, for defendants-appellees.

Before: BROWNING, RYMER, and T.G. NELSON, Circuit Judges.

PER CURIAM:

Plaintiff Catherine Brown borrowed $28,800 on her home. She fell behind in her payments. The lender initiated foreclosure proceedings.

To prevent foreclosure, Brown borrowed another $50,000 on her home from defendant CLS Mortgage, Inc. The debt carried 16% interest, required monthly payments of $666.67 for three years, and was then payable in full. The maximum interest permitted by state usury law was 12.22%. Brown again fell behind, and CLS commenced...

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