Bokum v. First Nat. Bank in Albuquerque

OPINION

SOSA, Senior Justice.

Plaintiff-appellant Richard D. Bokum II (Bokum) appeals the judgment of the trial court in favor of defendant-appellee, First National Bank in Albuquerque (FNB). Bokum’s amended complaint, filed on April 9, 1985, contained seven counts: (1) “Usury,” in which Bokum alleged that a series of FNB loans were made at a higher rate of interest than allowed by law, and in which he asked the court for a forfeiture of $2,161,871.80 in usurious interest, plus $165,802.52 “affirmative recovery” as penalty for interest paid. The latter plea was based on a remedy for twice the…