BOCK v. CALIFORNIA CAPITAL LOANS INC

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Court of Appeal, Third District, California.

Gregory W. BOCK, as Trustee, etc., Plaintiff and Appellant, v. CALIFORNIA CAPITAL LOANS, INC. et al., Defendants and Respondents.

C069863

Decided: May 20, 2013

John J. Hartford; Wilson & Wilson and Donald A. Wilson for Plaintiff and Appellant. Jay–Allen Eisen Law Corporation, Jay-Allen Eisen, Aaron S. McKinney; The Law Offices of Kirk S. Rimmer and Kirk S. Rimmer for Defendant and Respondent.

MODIFICATION OF OPINION

(NO CHANGE IN JUDGMENT)

The opinion of this court filed May 14, 2013, in the above entitled case is modified as follows:

The second sentence of the second paragraph on 8 page beginning “According to Bock” is deleted and the following sentence is inserted in its place:

According to Bock, the interest that the lender, California Capital, was to have earned on the loan cannot be considered compensation to Speckert for purposes of section 1916.1, even though Speckert was the sole shareholder of the corporation, and since Speckert did not take a commission on the transaction, Speckert did not act for compensation or in expectation of compensation in arranging the loan.

This modification does not affect the judgment.

THE COURT:

ROBIE, Acting P.J. MURRAY, J. DUARTE, J.