General Motors Acceptance Corp. v. Uresti

DUNAGAN, Chief Justice.

This is an appeal from a summary judgment rendered on appellee, Alberto Uresti’s, counterclaim of usury. Appellant, General Motors Acceptance Corporation (hereinafter referred to as “GMAC”) brought an action against appellee, Alberto Uresti (hereinafter referred to as “Uresti”), for an alleged default on Uresti’s part in the payment of monthly payments for a truck. Uresti’s counterclaim alleging that GMAC, by not rebating any unearned time-price differential in its suit, had charged in excess of twice the amount of time-price differential permitted by statute. Uresti…