Legal Opinion
Keresey v. Nevada National Bank
Nevada Supreme Court
Decided June 25, 1982No. 12705PublishedCited by 2 opinions
1Opinion of the Court
OPINION
2Per curiam
This is an appeal from a district court order granting summary judgment. The issue presented is whether a national banking association situated in Nevada may charge an interest rate in excess of the general usury statute but within the allowable limits of the Nevada Thrift Companies Act. We conclude that it may.
Respondent Nevada National Bank lent appellant Keresey $12,000 at an annual interest rate of 20 percent. The loan was secured by a deed of trust. After he had received the proceeds of the loan, Keresey, through his attorney, notified Nevada National Bank that he considered' the…
3Cases cited5 opinions
- Tiffany v. National Bank of Mo.Supreme Court of the United States · 1874
- Daggs v. Phœnix National BankSupreme Court of the United States · 1900
- Layton v. Selb Manufacturing Co.Supreme Court of the United States · 1967
- Hiatt v. San Francisco National BankCourt of Appeals for the Ninth Circuit · 1966
- Commissioner of Small Loans v. First National BankCourt of Appeals of Maryland · 1973
4Cited by2 opinions
- Hawkins v. Citicorp Credit Services, Inc.District Court, D. Maryland · 2009
- First Bank v. MillerMichigan Court of Appeals · 1984