Legal Opinion
Beneficial Finance Co. v. Administrator of Loan Laws
Court of Appeals of Maryland
Decided January 14, 1971No. [No. 212, September Term, 1970.]PublishedCited by 10 opinions
1Opinion of the CourtHammond, C. J.
The question presented is whether an unintentional clerical miscalculation of interest by a small loan licensee that caused a charge to a borrower greater than that permitted by the governing statute voided the loan completely under the provisions of Code (1968 Repl. Vol.), Art. 58A, § 16 (d). Judge Sodaro, sitting in the Baltimore City Court, in a thoughtful and sound opinion, held that it did, affirming the ruling of the Administrator of Loan Laws. We agree with Judge Sodaro.
The loan here involved was made in October 1968 in the sum of $418.09, to be repaid, principal and interest, by…
2Cases cited15 opinions
- Smith v. HiginbothomCourt of Appeals of Maryland · 1946
- Amalgamated Casualty Insurance v. HelmsCourt of Appeals of Maryland · 1965
- Hunt v. Montgomery CountyCourt of Appeals of Maryland · 1968
- Sanza v. Maryland State Board of CensorsCourt of Appeals of Maryland · 1967
- Bouse v. HutzlerCourt of Appeals of Maryland · 1942
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3Cited by10 opinions
- Salisbury Beauty Schools v. State Board of CosmetologistsCourt of Appeals of Maryland · 1973
- Comptroller of Treasury v. John C. Louis Co.Court of Appeals of Maryland · 1979
- Massage Parlors, Inc. v. Mayor of BaltimoreCourt of Appeals of Maryland · 1979
- Farber's, Inc. v. Comptroller of the TreasuryCourt of Appeals of Maryland · 1972
- City of Fairmont v. HawkinsWest Virginia Supreme Court · 1983
5 more not listed; retrieve them via the Exa API.