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BAMBURG v. LAVIGNE

No. 14609.

403 So.2d 827 (1981)

Ray BAMBURG, Plaintiff-Appellant, v. Delores G. LAVIGNE, Defendant-Appellee.

Court of Appeal of Louisiana, Second Circuit.

August 25, 1981.

Attorney(s) appearing for the Case

James E. Franklin, Jr., Shreveport, for plaintiff-appellant.

Wiener, Weiss, Madison & Howell by John M. Madison, Jr., Shreveport, for defendant-appellee.

Before PRICE, HALL, MARVIN, JASPER E. JONES and FRED W. JONES, Jr., JJ.

MARVIN, Judge.

Plaintiff appeals a judgment1 rejecting in part his demands under the usury law, LRS 9:3501,2 to recover all interest paid defendant under a 1977 credit deed of an immovable. The deed and note provided for a rate of interest payable annually,

"... equal to the prime rate of [a New York bank] ..., plus one-half ... of one... percent on each principal payment date ..."

The annual...

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