Household Finance Corp. v. Vogel

On August 25, 1965, the defendants, husband and wife, borrowed the principal sum of $1,016.49 from the plaintiff corporation which was licensed under G. L. c. 140, § 96, as amended, to engage in the business of making small loans. The defendants gave the plaintiff a promissory note agreeing to make thirty monthly payments of $46 each, starting September 25, 1965, in payment of the principal plus interest computed at rates which were specified in the note and had been established by the Small Loans Regulatory Board pursuant to G. L. c. 140, § 100, as amended. The defendants did not pay the…