Wasman v. Rubinson

Appellant, Stanley C. Wasman, one of the defendants in the trial court, seeks review of a final judgment arising out of a complaint to cancel as void and unenforceable a usurious note secured by a mortgage given by appellees Mitchell and Edda Rubinson to Wasman.

The Rubinsons alleged in their complaint that Wasman had agreed to loan them the sum of $44,000 at 10% interest, repayable in 14 months and secured by a note and mortgage on the borrowers’ home; that at the time of the closing, the borrowers were given $43,350 in cash ($650 being for expenses); that the lender required the borrowers to…