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U.P.C., INC. v. INTERCONTINENTAL BANK

No. 81-514.

410 So.2d 554 (1982)

U.P.C., INC., a Florida Corporation, Appellant, v. INTERCONTINENTAL BANK, a Florida Banking Corporation, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied March 23, 1982.

Attorney(s) appearing for the Case

Greefield & DuVal and Harvie S. DuVal, North Miami, for appellant.

Lapidus & Stettin and Richard L. Lapidus, Miami, for appellee.

Before HUBBART, C.J., and HENDRY and BASKIN, JJ.

BASKIN, Judge.

U.P.C. filed a claim for damages against Intercontinental Bank alleging usurious rates on an $897,0001 loan. Upon Intercontinental's motion for judgment on the pleadings, the trial court entered final judgment for the Bank. The trial court found in part:

3. The usury law to be applied by a court is the law in effect at the time the court renders it [sic] decision unless the act itself provides otherwise. See

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