Conrad v. Home & Auto Loan Co.

Plaintiffs commenced this action by service of a summons on December 17, 1974. They seek a declaratory judgment that a certain contract of loan made with the defendant Home & Auto Loan Co., Inc., is void in the inception because of certain enumerated claimed violations of the State Banking Law by the defendant. Plaintiffs further seek a money judgment equal in amount to all of the payments made on the loan from the date of defendant’s first violation.

The loan in question was made to the plaintiffs on or about June 12, 1972. The defendant was at that time and is still a licensed lender subject…