Hampton v. Guaranty State Building & Loan Ass'n

MARTIN, Justice.

This is a penalty suit, based upon the alleged collection of usurious interest.

Appellee, on áll the dates mentioned herein, was a building and loan association, duly and legally chartered, and doing business as such under the laws of the state of Texas. Two loan transactions are involved in this appeal. A discussion of one disposes of both, and the larger only will be described. Concerning this appellants alleged, in part:

“Plaintiffs allege that before the defendant would lend them the $7,500.00 above mentioned, it required the plaintiffs to subscribe for the purchase of 113…