Source or prior law:

L. 1863, ch. 33, § 3; G.S. 1868, ch. 51, § 3; L. 1872, ch. 134,§ 2.

CASE ANNOTATIONS

1. Taking full legal interest in advance held not usurious. Tholen v. Duffy, 7 K. 405.

2. Scheme to avoid usury statute; payments considered payments on account. Savings Association v. Kidder, 9 K.A. 385, 389, 58 P. 798.

3. Defense of usury must be made at first opportunity. Hover v. Cockins, 17 K. 514, 517.

4. Penalty for usurious interest cannot be used as a set off. Fraker v. Cullum, Receiver, etc., 24 K. 679.

5. Party not injured by the usury cannot plead the same. Jenkins v. Levis, 25 K. 479.

6. Payments of usurious interest considered payments on principal. Warren, Adm’r, v. Johnson, 38 K. 768, 770, 17 P. 592.

7. Loan, either express or implied, essential to usurious transaction. Lusk v. Smith, 71 K. 550, 81 P. 173.

8. Statute abrogated borrower’s common-law right to recover back usurious interest. Marshall v. Beeler, 104 K. 32, 42, 178 P. 245.

9. Interest at 10 percent on renewal notes and accrued interest not usurious. Jones v. Nossaman, 114 K. 886, 889, 221 P. 271.

10. State may by injunction suppress exaction of usury from wage earners. State, ex rel., v. McMahon, 128 K. 772, 778, 280 P. 906.

11. Payment of dues to building and loan association not inducement hereunder. Railroad Bldg., L. & S. Ass’n v. Fitzpatrick, 141 K. 654, 658, 659, 43 P.2d 219.

12. Corporation repeatedly charging usurious rate may be enjoined by state. State, ex rel., v. Basham, 146 K. 181, 182, 183, 70 P.2d 24.

13. Discussed; unlicensed company requiring purchase of certificates with limited redemption violated 19-2210. State v. Buchman, 151 K. 998, 1001, 101 P.2d 885.

14. Defendant pleading usury as defense has burden of proof. Atlas Acceptance Corp. v. Spurgeon, 154 K. 290, 291, 118 P.2d 535.

15. Action to enjoin usurious lending; contract held usurious. State, ex rel., v. Miller, 177 K. 324, 331, 279 P.2d 223.

16. Agreement to pay commissions held not agreement to pay usurious interest. In re Estate of Johnson, 180 K. 329, 331, 304 P.2d 461.

17. Applied to notes made in Texas payable in Kansas. Smith v. Western & Southern Life Ins. Co., 87 F.2d 839, 840, 841.

18. 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 K. 246, 256, 342 P.2d 150.

19. Usurious interest charges and slander of title; instructions to jury. Forney v. Gerling, 198 K. 613, 618, 620, 621, 622, 426 P.2d 106.