Court Opinion

ID: 9551181
Source: CourtListenerOpinion
Date Created: 2023-08-07 18:48:55.058092+00
Date Added: 2024-06-11T15:23:13.729442
License: Public Domain

McEWAN, Justice
(concurring in the result).
I concur in the result and agree with Justice McIntyre that usury existed under the particular facts of this case. I do not, however, think that under the statute, § 13-482, a borrower was precluded from maintaining an action for the recovery of usurious interest even if he had paid all the principal and interest. Since in my opinion the borrower did have a cause of action under the statute he was subject to the one-year statute of limitations, and since the statute would have run against him he could not recover.
GUTHRIE, J., not participating.