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FOREIGN COMMERCE, INC. v. TONN

Civ. No. 83/343.

600 F.Supp. 133 (1984)

FOREIGN COMMERCE, INC., Plaintiff/Appellee, v. Bernard TONN, Defendant/Appellant.

District Court, Virgin Islands, D. St. Croix.

December 28, 1984.

Attorney(s) appearing for the Case

G. Luz James, Christiansted, St. Croix, V.I., for plaintiff, appellee.

Russell B. Johnson, Christiansted, St. Croix, V.I., for defendant, appellant.

MEMORANDUM OPINION AND ORDER

DAVID V. O'BRIEN, District Judge.

This appeal from the Territorial Court presents the question of whether a one and one-half percent (1½%) monthly service charge added to the outstanding balance on a consumer account is usurious in violation of 11 V.I.C. § 951 et seq. In the action for debt below, the Court awarded plaintiff-appellee Foreign Commerce, Inc. (Foreign Commerce) $2,676.27 plus costs and attorney...

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