Union Central Life Insurance v. Rahn

— Appellants resist the foreclosure by re spondent of its mortgage on land owned by appellants, on the grounds the mortgage and notes securing it are usurious, in that they provide for compound interest, i. e., interest on past due interest, and that respondent is a foreign corporation not qualified to loan money in Idaho. '

The notes did provide for interest on past due interest, but this court has held that it is what interest is paid, not what is contracted or asked, which governs under 26-1906 I. C. A. (United States Building & Loan Association v. Lanzarotti, 47 Idaho 287, 274 Pac. 630;…