Uni-Serv Corp. of Mass. v. Commissioner of Banks

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• revolving credit card plan is not a loan but “essentially a time sales financing arrangement in which credit is extended for the sole purpose of purchasing goods or services from stores participating in the plan”
• there is nothing usurious or oppressive in a contract with a building and loan association requiring a member to pay fines for neglect to pay dues and interest
• there is nothing usurious or oppressive in a contract with a building and loan association requiring a member to pay fines for neglect to pay dues and interest

Source: CourtListener parenthetical corpus (CC0).