U. S. Life Title Insurance Company v‪.‬

U. S. Life Title Insurance Company of Dallas had judgment against Robert D. Brents and Patricia Brents for $8,650.50 principal plus interest of $3,223.41, attorney's fees of $900 and costs. The judgment was on a promissory note signed by Mr. and Mrs. Brents to Household Realty Corporation, an adjunct of Household Finance Corporation, and assigned to plaintiff U. S. Life Title. Mr. and Mrs. Brents appeal, claiming that that note provided a usurious rate of interest (15.617 annual percentage rate). They claim that when the excessive interest paid by them is applied to principal, as directed by statute, § 408.060, RSMo 1978, that the amount of the principal is reduced to $6,538.29 and the interest owing by them (computed by the legal rate, § 408.020, RSMo, Supp. 1984 (amend. 1979)) is $1,031.96 as of the date of judgment. They claim also that the court was in error in awarding attorney's fees and costs to the plaintiffs.