CaseCHALANT II, LLC v. THE RESTFUL GROUP, L.P., ET AL.
(Record Number 131757)
FromThe Circuit Court of Fairfax County; T. Ney, Judge.
CounselCaroline Petro Gately (Venable LLP) for Appellant.
John E. Prominski, Jr. and Harvey B. Cohen (Miles & Stockbridge P.C.) for Appellee, Barry Seidman.
Assignment of Error
- The Circuit Court erred in holding that late charges on a business loan are subject to a one-time, five percent statutory cap and thus erred in granting partial summary judgment in favor of Defendants, and partially denying Plaintiff's request for summary judgment, on the Plaintiff's claim for late charges at the rate stipulated in the promissory note.