MERCER v. ENGLE

No. CA 11-1094.

2012 Ark.App. 277

LORETTA MERCER and ASHLEY MERCER, APPELLANTS, v. MICHAEL DEAN ENGLE and JO ANN ENGLE, HUSBAND and WIFE, APPELLEES.

Court of Appeals of Arkansas, Division III.

Opinion Delivered April 18, 2012.


WAYMOND M. BROWN, Judge.

This is an appeal from the Jackson County Circuit Court's grant of summary judgment against appellants, whose complaint alleged that a transaction between them and appellees violated Arkansas usury law. Because federal law does not apply under the facts of this case, we reverse and remand to the circuit court.

Facts

The facts in this case, which are not disputed, are as follows. In 1990, appellees Michael and Jo Ann...

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