http://www.mcmillanlaw.us/index.php en scott4670@gmail.com Copyright 2007 2007-08-25T22:44:00-08:00 http://www.mcmillanlaw.us/index.php/mcmillan/display_article/usury_law_decision_wri_opportunity_loans_ii_llc_v_cooper/ http://www.mcmillanlaw.us/index.php/mcmillan/display_article/usury_law_decision_wri_opportunity_loans_ii_llc_v_cooper/ Court of appeals reversed a trial court's ruling granting summary judgment after the trial court found that a guaranty was enforceable. The court of appeals found that the subject loan did not meet the statutory requirements for a shared appreciation loan, and trial court erred in concluding the loan was exempt from the usury law on that basis where the terms guaranteed lender a usurious rate of interest. Rule against the enforcement of unlawful transactions precludes guarantor from waiving usury defense. 2007-08-25T22:44:00-08:00