In Re Dominguez

995 F.2d 883 In re H. Frank DOMINGUEZ, Debtor. Alan D. SMITH, Chapter 11 Trustee of the Estate of H. Frank Dominguez, Appellant, v. David MILLER; Denyse Miller; H. Frank Dominguez; Edward McDonald, Office of the U.S. Trustee, Appellees. No. 91-56312. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 7, 1992. Decided May 4, 1993. As Amended on Denial of Rehearing July 8, 1993. Marjorie S. Steinberg, Tuttle & Taylor, Los Angeles, CA, for appellant. David M. Stern, Stern, Neubauer, Greenwald & Pauly, Santa Monica, CA, for appellees. Leonard A. Goldman, Goldman, Gordon & Lipstone, Los Angeles, CA, for debtor Frank Dominguez. Edward McDonald, Los Angeles, CA, Office of the U.S. Trustee. Appeal from the Ninth Circuit Bankruptcy Appellate Panel. Before: CANBY, BOOCHEVER, and THOMPSON, Circuit Judges. CANBY, Circuit Judge: 1 In this case we decide whether a loan contract is usurious when it specifies an interest rate that exceeds the maximum allowed under California's usury law, but also provides that if payments exceed the maximum legal interest rate, the amount in excess will be applied toward the principal. BACKGROUND 2 This case involves two loans…