Thrift Funds of Baton Rouge, Inc. v. Jones

LANDRY, Judge.

Defendant appeals the judgment of the trial court awarding plaintiff recovery upon a promissory note and rejecting defendant’s reconventional demand for judgment declaring the entire note void and un-collectible for usurious violation of our “Small Loan Act”, and for damages and attorney’s fees for alleged violation of the Federal “Truth in Lending Act.” Plaintiff has answered the appeal seeking recovery of the amount disallowed by the trial court as usurious, together with attorney’s fees thereon. We affirm in part and reverse in part.

Except as hereinafter noted, the facts are…