Building & Loan Ass'n v. Leonard

Citations

• 74 Miss. 810

Syllabus

<p>Building and Loan Association. Withdrawal of member. Settlement. Uswry.</p> <p>Where a borrowing member of a building and loan association withdraws from and makes a settlement with it, and is credited, as his share of the profits, with the unearned part of the premium bid by him and with a sum as dividend on his stock, including interest charged him and his fellow members, he cannot recover from the association, as usurious, interest charged on premiums; and he is bound by a settlement made by him which was voluntary and in which nothing was concealed from him.</p>