Testera v. Richardson

Citations

• 77 Wash. 377
• 137 P. 998
• 1914 Wash. LEXIS 907

Syllabus

<p>Usury — What Constitutes. The payment of a fee of five dollars, to an agent negotiating a loan to take up a prior note and chattel mortgage, does not make the loan usurious, under Rem. & Bal. Code, § 6251, where the fee was paid for the agent’s services in making an examination of the property and county records, preparing and securing acknowledgment of the new mortgage and filing a release of the prior mortgage, and the court found that the fee was a reasonable charge’for the services and not a commission for making the loan.</p>