Land Mortgage Investment Agency Co. v. Preston

The Loan Co. of Alabama, a corporation under the laws of this State, located at Selma, which will be referred to as the Alabama company, was engaged as a broker or middle man negotiating loans on real estate and mortgages thereon, and in acting as such for resident and non-resident persons and corporations in and about lending money, receiving reasonable commissions for its services, such as were authorized by its charter, to be paid by the lender or borrower, as might be agreed on in each particular case. Among the companies from which it sometimes obtained money in placing loans was the…