Meadows v. Bakersfield Savings & Loan Ass'n

Plaintiffs appeal from a judgment of nonsuit in their action for damages predicated on the theory of abuse of process.

Defendant Bakersfield Savings & Loan Association financed the purchase of a residence for plaintiffs, who, in turn, executed a promissory note for the principal sum of $20,200 with interest at the rate of 6.6 percent per annum, payable in monthly installments on account of principal and interest in the sum of $138. The note provided for a late-payment penalty equal to 10 percent of any installment not paid within 15 days of its due date. Plaintiffs also signed an agreement to…