16-202.
History: L. 1889, ch. 164, § 2; R.S. 1923, 41-102; L. 1955, ch. 135, § 25; L. 1957, ch. 143, § 1; L. 1965, ch. 147, § 1; Repealed, L. 1969, ch. 112, § 57; July 1.
Source or Prior Law:
L. 1863, ch. 33, § 2; G.S. 1868, ch. 51, §§ 2, 4; L. 1872, ch. 134, § 1.
Cross References to Related Sections:
Later act, see 16-207.
CASE ANNOTATIONS
1. Scheme to avoid usury statute; payments considered payments on account. Savings Association v. Kidder, 9 Kan. App. 385, 389, 58 P. 798.
2. Usurious interest; recovery of principal when interest forfeited under former statute; contract in excess of "legal rate" must be in writing. Jenness v. Cutler, 12 Kan. 500, 511; Wenger v. Taylor, 39 Kan. 754, 18 P. 911.
3. Failure to state sufficient facts to recover usurious interest. Day v. Walker, 16 Kan. 326, 330.
4. Written agreement for different rate than specified in note valid. Warren, Adm'r, v. Johnson, 38 Kan. 768, 17 P. 592.
5. In absence of written agreement, statutory rate allowed on mortgage. Wenger v. Taylor, 39 Kan. 754, 18 P. 911; Walter, Adm'r, v. Calhoun, 88 Kan. 801, 803, 129 P. 1176.
6. Interest payment subject to two constructions, court will favor validity. Lusk v. Smith, 71 Kan. 550, 554, 81 P. 173.
7. Statute abrogated borrower's common-law right to recover back usurious interest. Marshall v. Beeler, 104 Kan. 32, 42, 178 P. 245.
8. Interest at 10 percent on renewal notes and accrued interest not usurious. Jones v. Nossaman, 114 Kan. 886, 889, 221 P. 271.
9. Effect of usurious rate of interest determined. Marksheffel-Sill Motors v. Popejoy, 135 Kan. 624, 626, 11 P.2d 693.
10. Corporation repeatedly charging usurious rate may be enjoined by state. State, ex rel., v. Basham, 146 Kan. 181, 182, 183, 70 P.2d 24.
11. Action to enjoin usurious lending; contract held usurious. State, ex rel., v. Miller, 177 Kan. 324, 331, 279 P.2d 223.
12. Agreement to pay commissions held not agreement to pay usurious interest. In re Estate of Johnson, 180 Kan. 329, 331, 332, 304 P.2d 461.
13. Applied to notes made in Texas payable in Kansas. Smith v. Western & Southern Life Ins. Co., 87 F.2d 839, 840, 841.
14. Act principally preventive not punitive; construed liberally favorable to borrower; usurious transaction, remedy; usurious interest voluntarily paid may be recovered; act enacted for borrower's benefit. Young v. Barker, 185 Kan. 246, 251, 342 P.2d 150.
15. Usurious interest charges and slander of title: instructions to jury. Forney v. Gerling, 198 Kan. 613, 617, 620, 621, 426 P.2d 106.
16. Interest on note made part of improvement contract recovered in lien foreclosure. Benner-Williams, Inc. v. Romine, 200 Kan. 483, 488, 437 P.2d 312.
17. In action hereunder, held that court abused its judicial discretion by failing to apply the appropriate legal and equitable principles to the conceded facts and circumstances. Gideon v. Bo-Mar Homes, Inc., 205 Kan. 321, 322, 323, 469 P.2d 272.