Walker v. Nationwide Fin. Corp. of Idaho

DONALDSON, Justice.

This is an appeal from a district court summary judgment in favor of respondents in an action brought by appellants in which they sought statutory penalties and other appropriate relief from an alleged usurious loan.

On April 26, 1976, appellants Jerry and Valene Walker, husband and wife, executed an agreement with respondent Nationwide Financial Corporation for a loan of $15,-537.64. The loan agreement expressed on its face an annual percentage rate of 18%. The security for the loan included a first deed of trust against certain real property owned by Jerry and Valene…