Midwest Check Cashing, Inc. v. Richey
Supreme Court of Iowa
1Opinion of the Court
CADY, Justice.
In this discretionary review from a decision by the district court that affirmed a judgment entered by a magistrate in an action by a delayed deposit services business to collect a “payday” loan, we must determine if the applicable statutory requirements were followed in the case and whether the “payday” loan statute is constitutional. On our review, we affirm the judgment of the district court.
I. Background Pacts and Proceedings.
Erin E. Richey (Richey) obtained a $400 loan from Midwest Check Cashing, Inc. (Midwest) in March of 2002. Midwest is a business engaged in delayed…
2Cases cited22 opinions
- City of Cleburne v. Cleburne Living Center, Inc.Supreme Court of the United States · 1985
- State v. SeeringSupreme Court of Iowa · 2005
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- Sanchez v. StateSupreme Court of Iowa · 2005
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