Sewell v. Peoples Loan & Finance Co.

Frankum, Judge.

The trial court properly overruled the *156defendant’s motion to dismiss the foreclosure on the ground that there was no separation of principal and interest. The purpose of the rule requiring the separation of principal and interest is explained in Harris v. Usry, 77 Ga. 426, as follows: “To allow the principal and interest to be joined in one sum in the foreclosure would be to allow interest to be collected on the interest.” In the instant case the foreclosure affidavit states the defendant “is indebted to the said corporation [plaintiff] on said note and contract in the sum of…