Legal Opinion
Valley Acceptance Corp. v. Glasby
Supreme Court of Virginia
Decided November 27, 1985No. Record 821880; Record 821881PublishedCited by 29 opinions
1Opinion of the CourtThomas, J.
The predominant issue in these two appeals is whether a loan which, in principal amount, falls below the ceiling for small loans as set forth in the Small Loan Act (the Act),1 is subject to the provisions of the Act even though the loan is labeled a mortgage loan. The trial court held that the Act applies in such a situation. We agree.
I. Background
A. The Harper Loan
In early 1976, Rufus W. Harper and Zelpha Lee Harper (the Harpers) sought to borrow a small amount of money for personal purposes. They were homeowners. They responded to an advertisement by Valley Acceptance Corporation (Valley)…
2Cases cited5 opinions
- Zedd v. JenkinsSupreme Court of Virginia · 1953
- Bowman v. CommonwealthSupreme Court of Virginia · 1960
- Sweat v. CommonwealthSupreme Court of Virginia · 1929
- Palmore v. Baltimore & Ohio RailroadCourt of Appeals of Maryland · 1928
- Dyke v. CommonwealthSupreme Court of Virginia · 1941
3Cited by29 opinions
- Oxenham v. JohnsonSupreme Court of Virginia · 1991
- Cook v. Com.Supreme Court of Virginia · 2004
- O'CONNELL v. BeanSupreme Court of Virginia · 2002
- Greenberg v. Commonwealth ex rel. Attorney GeneralSupreme Court of Virginia · 1998
- Rambus, Inc. v. Infineon Technologies AGDistrict Court, E.D. Virginia · 2001
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