Lavender v. Glenn

McCLENDON, Chief Justice.

■' This is a usury case, involving a loan of ’$1,500 by Temple Trust Company to Mrs. .Lavender, 'and secured by trust deed upon •.realty. The asserted usury is in the deduction ’Qf $150 from the amount loaned, under substantially the same circumstances as set for.th in Temple Trust Co. v. Sto-baugh, 59 S.W. (2d) 916 (error dismissed), which we held to be usurious. The original loan was made on February 10, 1926. On February 18, 1930, Mrs. Lavender conveyed the property securing the loan to Harbour and wife; the grantees assuming the unpaid balance of the debt at that…