THC Financial Corp. v. Managed Investment Corp.

OPINION OF THE COURT BY

LUM, J.

In this case, we need to determine whether the usury laws of Hawaii were violated in regard to three loan agreements between plaintiff-appellee THC Financial Corporation and defendants-appellants Managed Investment Corporation, Durrel L. Robison and Jeanne B. Robison.

Plaintiff filed a complaint in the circuit court for collection of principal and interest due on these promissory notes 1 and for the foreclosure of the real estate securing these notes. The court later found the notes to be in default, and entered its findings of fact and conclusions of law in which…