Legal Opinion
Clark v. Transouth Financial Corp.
Court of Appeals of Georgia
Decided May 25, 1977No. 53836PublishedCited by 5 opinions
1Opinion of the Court
Shulman, Judge.
Appellee, Transouth Financial Corp., filed suit for the balance owing on two loan contracts dated February 8, 1974 and May 6, 1974, executed by appellants in favor of appellee.
Although appellants admitted the execution of the loan contracts, they defended by alleging that both contracts were usurious under Georgia law (Code Ann. § 57-202(d)) because the interest rate charged as appearing on the face of the contracts was in excess of six percent. Appellants further alleged in their answer that the May 6, 1974 contract violated the Georgia Industrial Loan Contract Act (Code Ann.…
2Cases cited7 opinions
- Haskins v. JonesCourt of Appeals of Georgia · 1977
- Talbotton Railroad v. GibsonSupreme Court of Georgia · 1898
- Jones v. LawmanCourt of Appeals of Georgia · 1937
- Jackson v. American Mortgage Co. of Scotland, Ltd.Supreme Court of Georgia · 1892
- Taylor v. American Freehold Land Mortgage Co. of London Ltd.Supreme Court of Georgia · 1898
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981
- Commercial Credit Plan, Inc. v. ParkerCourt of Appeals of Georgia · 1979
- Whildon L. Moyer v. Citicorp Homeowners, Inc.Court of Appeals for the Eleventh Circuit · 1986
- Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981
- Whildon L. Moyer v. Citicorp Homeowners, Inc.Court of Appeals for the Eleventh Circuit · 1986