Lee v. Beneficial Finance Co.

Carley, Judge.

Appellee-Beneficial Finance Co; of Georgia (Beneficial) filed a petition for declaratory judgment, alleging that it was “a corporation licensed to make loans under the provisions of the Georgia Industrial Loan Act” (GILA) and that a “Promissory Note [executed on July 29, 1979 by Ronald J. Lee and Beverly Lee (appellants)] was made under the provisions of the GILA.” The petition further alleged that appellants had asserted the promissory note to be null and void and had “demanded, pursuant to the provisions of Ga. Code Ann. § 109A-9 — 404 and Ga. Code Ann. § 67-2902, the release…