Pinemont Bank v. DuCroz

COULSON, Justice.

This is an appeal from a summary judgment granted the plaintiffs in their claims for usury. Charles L. DuCroz, Charles A. DuCroz and Pauline DuCroz, were each granted judgment for $101,466.08 under the Texas Usury Statute. Pinemont Bank (defendant) appeals. We reverse and remand. In September of 1970, a note was executed payable to Pinemont Bank in the amount of $180,000 bearing interest at 13¼% per annum. The note bears seven signatures, five on its face and two on the back. The signatures on the lower right side are Coastal Plains Development Corp., Charles L. DuCroz,…