Legal Opinion
Credit Finance Service, Inc. v. Able
District of Columbia Court of Appeals
Decided December 6, 1956No. 1878PublishedCited by 5 opinions
1Opinion of the Court
CAYTON, Acting Judge.
This case involves the rights and liabilities of a lender who has charged excessive interest under a Maryland small loan statute which declares that such overcharge renders the loan contract void.
Appellant Credit Finance Service loaned $300 to Mr. and Mrs. Able and took their note bearing interest at 3 per cent per month, as permitted by the Maryland statute. After making five payments borrowers complained to lender that excessive interest had been charged and was being charged to them. Later, lender replied by letter and admitted that it had “inadvertently” made an…
2Cases cited18 opinions
- Bowles v. American Stores, Inc.Court of Appeals for the D.C. Circuit · 1943
- Hartman v. LubarCourt of Appeals for the D.C. Circuit · 1942
- Ryan v. Motor Credit Co., Inc.Supreme Court of New Jersey · 1942
- Ryan v. Motor Credit Co., Inc.New Jersey Superior Court Appellate Division · 1941
- Finance Company, Inc. v. CattertonCourt of Appeals of Maryland · 1932
13 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Moore v. Sabine National Bank of Port ArthurCourt of Appeals of Texas · 1975
- Beneficial Finance Co. v. Administrator of Loan LawsCourt of Appeals of Maryland · 1971
- Commissioner of Small Loans v. First National BankCourt of Appeals of Maryland · 1973
- McMahon v. Anderson, Hibey and BlairDistrict of Columbia Court of Appeals · 1999
- Klein v. Wolf Run Resort, Inc.Supreme Court of Vermont · 1995