Koen v. State

Plaintiff in error, hereafter referred to as the defendant, was convicted and fined for engaging’ in the Small Loan Business and exacting usury in violation of section 1, chapter 153, Acts of 1925. He appealed and assigned errors. All of the assignments, save one, challenge the constitutionality of the Act. Through the other assignment of error it is insisted that the Act applies only to persons engaged in the business of lending money on assignments of wages and salaries and does not extend to defendant’s business of lending money on the personal obligation of the borrower.

Defendant kept an…