O. H. May Co. v. Anderson

O. H. May Company operating under the small loan law, Chapter 62, Acts of 1917, made two loans to S. M. Anderson, the first December 4, 1923, for $75 and the second February 6, 1924, for $75. The notes hearing interest at six per cent per annum, each payable thirty days from date, and each secured by chattel mortgage were executed. Anderson agreed to pay in addition to interest at six per cent per annum the fee of two per cent upon the original loan and two per cent upon each renewal for investigating the security and closing the loan as provided in Section 9 of the Act. He renewed the notes…