General American Finance System, Inc. v. Senseney

DREW, Judge.

Plaintiff, operating a loan agency under Act No. 7 of the Extra Session of the Legislature of 1928, known as the “Small Loan Law,” sued the defendant on a note which bore interest at the rate of 3½ per cent, per month and 10 per cent, as attorney’s fee if necessary to employ counsel to collect the note; 3½ per cent, per month interest is the maximum amount of interest allowed under said act.

Before the case was called for trial in the lower court, the plaintiff filed a remittitur of the attorney’s fees. There was no answer filed 'by defendants, and judgment was secured by default.…