Supreme Court of Iowa February 17, 1982, 66191 (CBS Real Estate of Cedar Rapids, Inc. v. Harper)

UHLENHOPP, Justice.

This appeal involves usury and foreclosure problems in a suit on a note and mortgage.

On two occasions defendant Joann E. Harper borrowed money on her notes, each bearing 15% interest, from her employer, plaintiff CBS Real Estate of Cedar Rapids, Inc. Each time CBS itself borrowed the money from its bank at 15% interest.