Legal Opinion

Lawrence C. LaBonte (American Steel Coatings, LLC) v. New England Development R.I., LLC

Supreme Court of Rhode Island

Decided June 20, 2014No. 2012-328-AppealPublishedCited by 1 opinion

1Opinion of the Court

OPINION

Justice ROBINSON, for the Court.

American Steel Coatings, LLC (American Steel) appeals from a December 7, 2011 2 order, in which a justice of the Providence County Superior Court voided as usurious a “Loan Agreement, Promissory Note, and Mortgage granted to American Steel * * * by New England Development RI, LLC [ (N.E. Development) ]” and that entity’s owner, Lawrence C. La-Bonte. American Steel contends on appeal that the hearing justice erred when he determined that the “commercial loan commitment fee” (as American Steel characterizes it) contained in the loan agreement between the…

2Cases cited23 opinions

  1. Green v. BiddleSupreme Court of the United States · 1823
  2. Accent Store Design, Inc. v. Marathon House, Inc.Supreme Court of Rhode Island · 1996
  3. State v. DiCiccoSupreme Court of Rhode Island · 1998
  4. Little v. Conflict of Interest CommissionSupreme Court of Rhode Island · 1979
  5. DeMarco v. Travelers Insurance Co.Supreme Court of Rhode Island · 2011

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3Cited by1 opinion

  1. BICKLE v. CITY OF PHILADELPHIADistrict Court, E.D. Pennsylvania · 2021

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