Legal Opinion

Financeamerica Corp. v. Drake

Court of Appeals of Georgia

Decided April 24, 1980No. 59179PublishedCited by 18 opinions

1Opinion of the Court

Carley, Judge.

This case again presents for review the propriety of our decision in Consolidated Credit Corp. v. Peppers, 144 Ga. App. 401 (240 SE2d 922) (1977). The sole issue in that Industrial Loan Act (ILA) case was the meaning of the phrase “face amount of the contract” (hereinafter, FAC) as used in Code Ann. § 25-315 (b). The phrase is used in both subsections (a) and (b) of Code Ann. § 25-315, setting forth the permissible charges on loans governed by the ILA. “Every licensee •hereunder ... may charge, contract for, collect and receive interest and fees... as hereinafter provided: (a)…

2Cases cited15 opinions

  1. Chevron Oil Co. v. HusonSupreme Court of the United States · 1971
  2. Hare v. General Contract Purchase Corp.Supreme Court of Arkansas · 1952
  3. Allan v. AllanSupreme Court of Georgia · 1976
  4. Robbins v. Welfare Finance Corp.Court of Appeals of Georgia · 1957
  5. Rollinger v. JC Penney CompanySouth Dakota Supreme Court · 1971

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3Cited by18 opinions

  1. Bradley Center, Inc. v. WessnerCourt of Appeals of Georgia · 1982
  2. State Farm Mutual Automobile Insurance v. BatesDistrict Court, N.D. Georgia · 1982
  3. Findley v. FindleySupreme Court of Georgia · 2006
  4. Clyde v. LIBERTY LOAN CORPORATIONSupreme Court of Georgia · 1982
  5. Elijah & Shirley C. Whitfield, Plaintiffs-Appellees-Cross v. Termplan, Inc., Bolton, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1981

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