Brown v. Giger

The defendant, Sharon Giger, appeals a summary judgment in favor of plaintiffs for the accelerated amount of a promissory note and foreclosure on Giger's seller's interest in a real estate contract given as security for the loan. We reverse.

Sharon Giger borrowed $33,0001 from the plaintiffs, who *174are five married couples. The loan was arranged through a lending broker, Consumer Loan Services of Lynnwood (CLS). The interest on the face of the note was 16 percent. The legal rate was then 12.8 percent. RCW 19.52.020. As security, Giger assigned her vendor's interest in a real estate contract.

H.…