Tuttle v. Haddock

Donald L. Haddock, Trustee in Bankruptcy for Robert E. Holt and Velma E. Holt, filed a motion for declaratory judgment praying that a note made by the Holts and held by A. R. Tuttle, trading as Bonded Investors Co., and Katherine F. Tuttle, and the second deed of trust securing the note be declared null and void because the rate of interest charged violated certain usury statutes. The material facts were stipulated, and the chancellor entered his decree declaring that the note and the second deed of trust were null and void and unen forceable by virtue of the provisions of Code § 6.1-330, as…