Deposit Guaranty Bank & Trust Co. v. Williams

As shown by the statement of facts on the previous appeal of this case, Williams v. Deposit Guar. Bk. & Tr. Co., 190 Miss. 685, 1 So. (2d) 486, appellee had obtained numerous small loans from appellant bank during the period from August 1, 1934, to August 1, 1937, in each of which the bank had made a charge of one dollar for thirty days, or more than 20 %, if considered as interest, with the result that under See. 1946, Code 1930; appellee would have been entitled, upon a suit instituted within the statutory period, to recover not only the interest paid but the principal as well.

The loans…