Grossman v. Calonia Land & Improvement Co.

The opinion of the court was delivered by^

Parker, J.

The suit is to recover the sum of.$6,000 and interest claimed by the plaintiff, a loan broker, as agreed compensation for negotiating a mortgage loan of $70,000 on property1- of the defendant corporation, pursuant to a written paper signed and delivered by defendant. One of the defenses was that the contract, if any, was illegal and void as providing for a rate of brocage in excess of that permitted by the fifth section of the statute entitled “An act against usury” (Comp. Slat., p. 5706), which prescribes a penalty for “taking or receiving”…