Cox v. Metropolitan Building & Loan Ass'n

MARTIN, Justice.

The parties will be designated as in the trial court.

This is a penalty suit under article 5073, R. S. 1925, based upon the alleged collection from plaintiffs by defendant of usurious interest.

Defendant is a building and loan association, chartered and doing business in Texas under the terms of title 24, R. S. 1925. In 1925 plaintiffs made application for, and obtained a loan of, $1,975, giving as security certain real estate. As part of the' original contract, they subscribed for thirty shares of stock, agreeing to pay for same in monthly installments of $15. Interest on the…