Greenland Vistas, Inc. v. Plantation Place Associates, Ltd.

OPINION

FENDER, Chief Justice.

Appellee Plantation Place Associates, Ltd., plaintiff in the trial court, brought suit against appellants, Greenland Vistas, Inc., and Louis M. Stoler, substitute trustee, to recover penalties for usurious charge of interest pursuant to TEX.REV.CIV. STAT.ANN. art. 5069-1.01 (Vernon 1987) and to enjoin a foreclosure sale. After a non-jury trial, the trial court found that an acceleration and demand made by Greenland Vistas to Plantation Place in regards to a certain wraparound promissory note constituted an usurious demand. The trial court entered a judgment…