Legal Opinion
Layne v. Transamerica Financial Services, Inc.
Court of Appeals of Arizona
Decided June 12, 1985No. 2 CA-CIV 5312PublishedCited by 6 opinions
1Opinion of the Court
OPINION
FERNANDEZ, Judge.
Appellant Layne appeals from an order dismissing his complaint for failure to state a claim. The complaint alleged that a loan transaction entered into June 5, 1981, between Layne and Transamerica Financial Services, Inc. was usurious because a prepaid finance charge of ten “points” was assessed in addition to the stated interest rate applicable to the unpaid balance. We find the transaction was not usurious and affirm the dismissal. We also affirm the denial of attorney’s fees to Transamerica, a ruling that is the subject of a cross-appeal.
Layne borrowed $39,510.26…
2Cases cited6 opinions
- Sparks v. Republic National Life InsuranceArizona Supreme Court · 1982
- Associated Indemnity Corp. v. WarnerArizona Supreme Court · 1985
- A. I. D. Insurance Services v. RileyCourt of Appeals of Arizona · 1975
- Altherr v. Wilshire Mortgage CorporationArizona Supreme Court · 1968
- The Kissell Company v. Forrest Gressley and Emily Gressley, Husband and Wife, and Mountain View Garden ApartmentsCourt of Appeals for the Ninth Circuit · 1979
1 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Villegas v. Transamerica Financial Services, Inc.Court of Appeals of Arizona · 1985
- Morrison v. Shanwick International Corp.Court of Appeals of Arizona · 1990
- Marvin Johnson, PC v. ShoenDistrict Court, D. Arizona · 1995
- Darin Bessett v. Cna American Casualty Ins. Co., a Foreign CorporationCourt of Appeals for the Ninth Circuit · 1994
- James R. v. Associates Financial Services Co.Montana Supreme Court · 2004
1 more not listed; retrieve them via the Exa API.