Legal Opinion
Troutt v. First Federal Savings & Loan Ass'n
Supreme Court of Arkansas
Decided October 31, 1983No. 83-117PublishedCited by 7 opinions
1Opinion of the Court
Steele Hays, Justice.
Two issues are raised by this appeal from a foreclosure decree: 1) whether appellants’ note to First Federal Savings and Loan Association of Hot Springs providing for 12% interest is void for usury; and 2) whether excessive fees were allowed attorneys for the mortgagees. Neither question is new.
Appellants, Robert and Janette Troutt, executed two notes in October 1981 for the purchase of real property in Garland County. One note, secured by a first mortgage, was given to the savings and loan association and recited an interest rate of 12%. The second note, which is not in…
2Cases cited6 opinions
- Old Republic Insurance Company v. AlexanderSupreme Court of Arkansas · 1969
- Equitable Life Assurance Society of the United States v. RummellSupreme Court of Arkansas · 1974
- Bowen v. DannaSupreme Court of Arkansas · 1982
- New Hampshire Insurance v. QuilantanSupreme Court of Arkansas · 1980
- McInnis v. Cooper Communities, Inc.Supreme Court of Arkansas · 1981
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Nelson v. River Valley Bank & TrustSupreme Court of Arkansas · 1998
- Firstsouth, F.A. v. Lawson Square, Inc. (In Re Lawson Square, Inc.)United States Bankruptcy Court, W.D. Arkansas · 1986
- Farmers & Merchants Bank v. PoeCourt of Appeals of Arkansas · 1986
- Warner Holdings, Ltd. v. AbregoSupreme Court of Arkansas · 1985
- M. Nahas Co. v. First National BankDistrict Court, W.D. Arkansas · 1990
2 more not listed; retrieve them via the Exa API.