Opinion ID: 2171934
Heading Depth: 1
Heading Rank: 3

Heading: The First Loan

Text: According to respondent, in 1981 or 1982, the State Treasurer sent the associate judges an empty pay envelope. In anticipation of receiving his pay, respondent had written approximately $1,200 to $1,400 in checks for payment of his monthly bills. He did not have money to cover these checks. When he did not receive his pay, respondent approached Lunardi for a personal loan. Lunardi had no cases pending before respondent at that time. Lunardi agreed to lend respondent a sum between $1,200 and $1,400 and immediately gave respondent a check for the agreed-upon amount. No promissory note was taken, no security was involved, and the loan was interest free. After receiving the loan from Lunardi, respondent covered the checks which he had written. Within two or three days, respondent received his pay and immediately repaid Lunardi.