Legal Opinion

Jernigan, Bank Commissioner v. Loid Rainwater Co.

Supreme Court of Arkansas

Decided May 23, 1938No. 4-4966PublishedCited by 14 opinions

1Opinion of the CourtSmith, J.

On June 10, 1937, appellee filed with, the Securities Division of the State Banking Department an application for a license to operate as a loan broker pursuant to act 135 of the Acts of 1937, p. 167.

In denying the application the following finding of fact was made:

“Applicant proposed to make loans to borrowers at a rate of interest not to exceed ten per cent, per annum, and in addition thereto the applicant or loan broker will require the borrower to take an insurance policy with the United Mutual Life Insurance Company of Indianapolis, Indiana, an insurance company designated by the loan…

2Cases cited5 opinions

  1. Cheairs v. McDermott Motor Co.Supreme Court of Arkansas · 1928
  2. Hogan v. ThompsonSupreme Court of Arkansas · 1932
  3. St. Louis Southwestern Railway Co. v. StewartSupreme Court of Arkansas · 1921
  4. Rural Special School District No. 21 v. Common School District No. 87Supreme Court of Arkansas · 1931
  5. Leavitt v. Marathon Oil CompanySupreme Court of Arkansas · 1933

3Cited by14 opinions

  1. City of Ft. Smith v. Southwestern Bell Telephone Co.Supreme Court of Arkansas · 1952
  2. Kelleher v. MinshullWashington Supreme Court · 1941
  3. Strickler v. State Auto Finance Co.Supreme Court of Arkansas · 1952
  4. Newton, Cir. Clk. v. American Security CompanySupreme Court of Arkansas · 1941
  5. Department of Public Utilities v. Arkansas Louisiana Gas Co.Supreme Court of Arkansas · 1940

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