Baltimore Trust Co. v. Sanders

McCLENDON, Chief Justice.

Suit by Sanders and wife against the bond company (National Bond & Mortgage Corporation), the trust company (Baltimore Trust Company), and Henry H. Laithe, trustee, to cancel three notes and trust deeds securing them, executed by Sanders and wife in favor of the bond company; on the ground that the transaction was usurious and the payments made by Sanders and wife when properly credited to the principal debt discharged it. The trust company by cross-action sought recovery on notes 1 and 2, with foreclosure of the trust deed lien. The trial was to the court without a…