Dorsey v. West

Banke, Judge.

The appellants sued to obtain relief from a note and secondary security deed executed to the appellees, contending that the loan was usurious under Code Ann. § 57-202 as it existed at the time the note was executed. They sought a declaration that the note and security deed were void as well as the return of all payments made. The appellees concede that the note is in technical violation of the appliable usury statutes but contend that they are at least entitled to return of the principal. They have counterclaimed accordingly.

The note was executed on April 18,1973, and called for…