Straub v. First Mutual Building & Loan Ass'n

1. “No fines, interest, or premiums paid on loans in any building and loan association shall be deemed usurious, and the same may be collected as debts of like amount are collected by law in this State, and according to the terms and stipulations .of the agreement between the association and the borrower.” Civil Code (1910), § 2893. In the instant suit by a building and loan association against the maker of a promissory note and her husband as indorser there was no evidence to support the defenses of the defendants, that the monthly payments provided by the note were usurious because the…