People v. Lee

447 Mich. 552 (1994)

526 N.W.2d 882

PEOPLE

v.

LEE

Docket Nos. 96876, 96877, (Calendar No. 5).

Supreme Court of Michigan.

Argued November 1, 1994.

Decided December 27, 1994.

Frank J. Kelley, Attorney General, Thomas L. Casey, Solicitor General, Brian L. Mackie, Prosecuting Attorney, and Marilyn A. Eisenbraun, First Assistant Prosecuting Attorney, for the people.

John R. Minock and Peter J. Kelly for the defendants.

RILEY, J.

In this case, we are called upon to determine whether there is probable cause to find that a loan occurred within the meaning of the usury statute, MCL 438.41; MSA 19.15(51), where a…