Talbot v. Jones

BOUTALL, Judge.

This is a suit by an unlicensed loan broker to recover a fee for his services in arranging financing through a vendor’s lien and mortgage to enable the defendants to purchase a certain piece of real estate. The trial judge held that there was never any commitment made by the proposed lender to make a loan on the title as it existed, and dismissed plaintiff’s suit. From this adverse judgment, he appeals.

The facts are that the four named defendants formed a partnership under the name of “Gee-Jay Company” and had agreed to buy certain real estate for the price of $150,000. Of this…