Usury Action
Mar 25, 2020OUTCOME: Elliot Legal Group Saves Borrower $174,576.86.
$174,576.86 - Elliot Legal Group Saves Borrower $174,576.86. The Elliot Legal Group was retained to settle what was presented as a usurious loan made by a lender to a borrower. A usurious loan is one w ... here the interest on the loan higher than the equivalent of 18 percent per annum simple interest. Florida Statute 687.02. Attempts were made to resolve the matter without litigation but were unsuccessful. The suit was filed early this year. Pleadings, motions, and other matters were filed and the case proceeded forward. I was able to resolve the matter for my client and in doing so obtained $174,576.86. for them. This ad is not a prediction of specific results or a guarantee of success
