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Legal Opinion

Grubb v. Oliver Enterprises, Inc.

District Court, N.D. Georgia

Decided November 3, 1972No. Civ. A. 15550, 15976PublishedCited by 7 opinions

1Opinion of the Court

ORDER

MOYE, District Judge.

On December 17, 1970, Percy Grubb borrowed $55.94 from the Dollar Loan Company. The disclosed annual percentage rate of interest on the loan was 65.46 percent. Although Grubb was obligated to repay Dollar Loan $55.94, he received cash in hand of only $17.27. Dollar Loan Company kept the balance in order to apply $22.73 to a prior unpaid loan, collect statutorily authorized interest charges of $5.59, and pay Grubb’s premiums of $10.07 on a credit accident and health insurance plan. Evidently this loan was insufficient to satisfy Grubb’s long range financial needs…

2Cited by7 opinions

  1. Jones v. Community Loan & Investment Corp.Court of Appeals for the Fifth Circuit · 1976
  2. Jones v. Community Loan & Investment Corp.Court of Appeals for the Fifth Circuit · 1976
  3. Barber v. Kimbrell's, Inc.District Court, W.D. North Carolina · 1976
  4. Campbell v. Liberty Financial Planning, Inc.District Court, D. Nebraska · 1976
  5. Slatter v. Aetna Finance CompanyDistrict Court, N.D. Georgia · 1974

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