Thursday, February 01, 2007

Usurious Loans Masquerading As Sale Leasebacks ?

I have put together a collection of four cases that I stumbled over while looking for something else online. They involve potential or actual usurious loans that were disguised as sale leasebacks of personal property. Since usury is always a possibility when a court deems a deed to be an equitable mortgage, these cases may provide some additional insight as to how the courts analyze fact patterns when determining when a financial arrangement in the form of a sale leaseback should be respected, and when it should be disregarded and treated as a loan. To read more, see Usurious Loans Masquerading As Sale Leasebacks ?, on my companion blog.
equitable mortgage zebra