Snyder v. Heinrichs

— This is a suit on a promissory note in the sum of $200 bearing interest at. the rate of 24 per cent per annum executed by the appellant to the appellee on April 1, 1941, and payable in six months. Judgment was for the appellee in the principal amount of the note without interest. The complaint does not allege nor is there any evidence tending to show that, at the time said note was executed, the appellee was the holder of a license under the provisions of the Small Loan Act, §§ 18-3001 to 18-3004, Burns’ 1933, §§ 10465 to 10468, Baldwin’s 1934, and therefore authorized to charge interest in…