Lackawanna Thrift & Loan Corp. v. Kabatchnick

Hirt, J.,

Opinion by

This appeal involves a construction of the Small Loans Act of June 17, 1915 as amended by the Act of June 4, 1919, P. L. 375, under which plaintiff was duly licensed as a broker.

On June 13, 1933 defendants gave plaintiff their note for $250 with interest at the rate of 3%% monthly, payable in twelve and one-half months. On April 13, 1940 plaintiff entered judgment thereon for $310 plus an attorney’s fee of 10% and issued attachment execution summoning the First National Bank of Scranton as garnishee. The note contained a warrant authorizing confession of judgment for that…