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GONZALES COUNTY SAV. & LOAN ASSOC. v. FREEMAN

No. B-5598.

534 S.W.2d 903 (1976)

GONZALES COUNTY SAVINGS AND LOAN ASSOCIATION, Petitioner, v. Charles R. FREEMAN, Jr. et ux., Respondents.

Supreme Court of Texas.

Rehearing Denied May 19, 1976.

Attorney(s) appearing for the Case

R. L. Miller, Gonzales, for petitioner.

Elick & Elick, John V. Elick, Bellville, for respondents.

McGEE, Justice.

This case involves a question of usury. The Freemans brought suit against the Gonzales County Savings & Loan Association, alleging that the interest rate on a $38,400 loan made to them by the savings and loan association exceeded the 10 percent per annum permitted by Article 5069-1.02.1 Under the terms of the note, the $38,400 principal was due one year from the date of execution...

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