Albrecht v. Troemmler

This record has been reviewed for basic accuracy, correcting any discovered errors.
Docket No. Op. Below Argument Opinion Author Term
7687 - - - - June 12, 1972 Per Curiam 1972

Holding

Code § 6.1-330 provides that there shall not be charged for a loan secured by a deed of trust, except a first deed of trust on improved residential property, an amount exceeding interest at 6%1 plus an investigation fee of 2%. And under Code § 6.1-330.1, any deed of trust or note received or made in violation of § 6.1-330 shall be “null and *24void and unenforceable.” The question for decision is whether these statutory provisions apply to the transaction here involved.