Legal Opinion
Cooprider v. Security Bank
Supreme Court of Arkansas
Decided December 19, 1994No. 94-179PublishedCited by 4 opinions
1Opinion of the Court
Steele Hays, Justice.
This is a usury case. William and Roberta Cooprider, prevailed on their claim below that they had been charged a usurious interest rate by Security Bank, appellee. However, the Chancellor assessed no penalties against the bank and the Coopriders appeal. We affirm the trial court.
The loan in question was originally executed on April 21, 1989, for $78,500.00 and secured by real and personal property. The interest rate was 12%, the legal rate allowed at that time. One of the conditions for the loan obligated the Coopriders to purchase title insurance.
When the debt matured at…
2Cases cited12 opinions
- Winston v. Personal Finance Co. of Pine Bluff, Inc.Supreme Court of Arkansas · 1952
- Harris v. Guaranty Financial CorporationSupreme Court of Arkansas · 1968
- Matthews v. Georgia State Savings Ass'nSupreme Court of Arkansas · 1918
- United-Bilt Homes, Inc. v. TeagueSupreme Court of Arkansas · 1968
- Brown v. FretzSupreme Court of Arkansas · 1934
7 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- FirstPlus Home Loan Owner 1997-1 v. BryantSupreme Court of Arkansas · 2008
- Bailey v. BentonCourt of Appeals of Arkansas · 2011
- Johnson's Sales Co., Inc. v. HarrisSupreme Court of Arkansas · 2007
- Johnson's Sales Co., Inc. v. HarrisSupreme Court of Arkansas · 2007