American Accounts & Advisers, Inc. v. Hendrickson

OPINION

LANSING, Judge.

In an action enforcing a credit agreement, American Accounts & Advisers, Inc., assignee of Burnsville Funeral Home, obtained a judgment of $8,777.89 against Virginia Hendrickson.

In this consolidated appeal Hendrickson challenges the interest rate as usurious. We agree that the interest rate violates the usury law and reverse the judgment and the allowance of attorney’s fees.

FACTS

As part of the arrangements for her deceased husband’s funeral, Virginia Hen-drickson purchased goods and services to taling $5,165 from the Burnsville Funeral Home. The contract required…