Legal Opinion
U. S. Life Credit Corp. v. Johnson
Court of Appeals of Georgia
Decided March 19, 1982No. 61295PublishedCited by 5 opinions
1Opinion of the Court
Pope, Judge.
Appellant initiated this suit to recover the total payments of two loans made to appellees. For the purpose of this appeal, we are concerned only with the loan set forth in Count I of appellant’s complaint. The loan, which was made by appellant as a licensee under the Georgia Industrial Loan Act, was deemed by the trial court to be null and void because it included interest charges in excess of those allowable under Georgia law. Code Ann. § 25-9903 (Ga. L. 1955, pp. 431, 444).
1. The Industrial Loan Act authorizes a lender to discount interest in advance on loan contracts which are…
2Cases cited8 opinions
- Dillingham v. Doctors Clinic, P. A.Supreme Court of Georgia · 1976
- Mitchell v. DickeySupreme Court of Georgia · 1970
- Southern Discount Co. v. EctorSupreme Court of Georgia · 1980
- State Revenue Commission v. AlexanderCourt of Appeals of Georgia · 1936
- Abrams v. Commercial Credit Plan, Inc.Court of Appeals of Georgia · 1973
3 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Jacqueline Brown v. Termplan, Inc., of East AtlantaCourt of Appeals for the Eleventh Circuit · 1982
- In the Interest of T. C. D.Court of Appeals of Georgia · 2006
- Moosa Company, LLC v. Commissioner of the Georgia Department of RevenueCourt of Appeals of Georgia · 2020
- Westbrook v. StateCourt of Appeals of Georgia · 1988
- Westbrook v. StateCourt of Appeals of Georgia · 1988