Confederated Tribes of Grand Ronde Community v. Quantum Five, Inc.

¶1 Quantum Five (Quantum) defaulted on a loan resulting in the lender foreclosing against it. Quantum claimed that the loan terms included a usurious interest rate. The Twelfth Judicial District Court, Hill County, agreed and imposed a usury penalty against the lender. Quantum appeals the District Court’s calculation of the usury penalty from the date the note was executed until its maturity date, claiming that the usury penalty should have been imposed through the date of the trial. Additionally, Quantum seeks an award of attorney’s fees and costs. We affirm the District Court’s Order on the…