Taylor v. Major Finance Co., Inc.

LAWSON, Supernumerary Justice.

Beatrice Taylor, on or about March 25, 1970, filed a class action against Major Finance Company and numerous other companies and individuals engaged in the business of making small loans alleging that the respondents charged usurious interest on loans made to her and the members of the class of borrowers she represented and wrongfully induced the class to execute contracts, notes and mortgages to secure payment of said unlawful loans. The bill also alleged that the respondents, by using harsh collection tactics and coercing the borrowers to renew their loans,…