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RIEBE v. BUDGET FINANCIAL CORP.

Docket Nos. 31391, 31392.

264 Cal.App.2d 576 (1968)

70 Cal. Rptr. 654

NORRIS F. RIEBE, Plaintiff, Cross-defendant and Appellant v. BUDGET FINANCIAL CORPORATION, Defendant, Cross-complainant and Respondent. MOODY-McCLOUD, INC. et al., Plaintiffs, Cross-defendants and Appellants, v. BUDGET FINANCIAL CORPORATION, Defendant, Cross-complainant and Respondent. (Consolidated Appeals.)

Court of Appeals of California, Second District, Division Three.

August 1, 1968.

Attorney(s) appearing for the Case

Joseph R. Laird for Plaintiffs, Cross-defendants and Appellants.

David M. Turner for Defendant, Cross-complainant and Respondent.

MOSS, J.

Plaintiffs appeal from judgments on the pleadings rendered in favor of defendant and cross-complainant Budget Financial Corporation ("Budget"). In this opinion we consider whether a loan made by a personal property broker to a home builder is void as usurious because the security upon which the lender relied consists of notes secured by deeds of trust which represent a portion of the purchase price of homes sold by the borrower. The complaints allege: On...

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