Hatridge v. Home Life & Accident Ins. Co.

YOUNG, Justice.

The suit in sum is an attack on Art 4764c, V.A.C.S., 1 as unconstitutional.

In July 1950, Hatridge consummated a loan of $200 with lender Ware, receiving that amount in cash; the transaction being evidenced by note for $246.12 payable in twelve equal installments of $20.51. The total amount due included (along with prepayment of interest) the premium charge on a credit life, health and accident policy of insurance, also a “hospitalization and surgical expense policy.” Some two months thereafter and before making any payments, Hatridge concluded that the transaction was illegal,…