People v. Coleman

Defendant appeals from conviction on an information charging that he engaged, without being licensed so to do under the provisions of PA 1939, No 21, as amended (CL 1948, § 493.1 et seq. [Stat Ann 1943 Rev and Stat Ann 1951 Cum Supp § 23.667(1) et serp]), in the small loan business and charged on the loans a greater rate of interest or consideration therefor than permitted by law to be charged by nonlicensees (7% per annum, as fixed by CL 1948, § 438.51 [Stat Ann § 19.11]).

During the period in question defendant made numerous loans of $10, $15, and other small sums less than $500, on…