Reynolds v. Service Loan & Finance Co.

Felton, Chief Judge.

All the evidence before the court on the motion for summary judgment indicates that the loan in question, rather than having been made under the provisions of the Georgia Industrial Loan Act (Ga. L. 1955, p. 431; Code Ann. Ch. 25-3), was made subject to the provisions of Ga. L. 1961, p. 300 (Code Ann. § 57-118), which is as follows: “Notwithstanding any contrary provision of law, any foreign or domestic corporation organized for pecuniary gain may in writing agree to pay such rate of interest as such corporation may determine on any loan under which the principal balance…