Bernier v. Household Finance Corp.

This is a motion to dismiss the complaint under rule 108 of the Eules of Civil Practice. The complaint alleges, for a first cause of action, that the plaintiffs borrowed the sum of $220 from the defendant, a licensed lender doing business in this State, under article IX of the Banking Law of the State of Hew York; that as security for said loan, the plaintiffs gave the defendant their promissory note in said sum of $220, payable with interest at the rate of 2%% per month on the first $100 and 2% per month on the remaining principal balance; that as further security for the repayment of the…