Idaho Supreme Court October 31, 1941, No. 6912. (Union Central Life Insurance v. Rahn)

GIVENS, J.

— Appellants resist the foreclosure by re

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spondent of its mortgage on land owned by appellants, on the grounds the mortgage and notes securing it are usurious, in that they provide for compound interest,

i. e.,

interest on past due interest, and that respondent is a foreign corporation not qualified to loan money in Idaho.