Fleet Finance, Inc. v. Jones

Sears-Collins, Justice.

The appellant, Fleet Finance, Inc. of Georgia (hereinafter “Fleet”), holds promissory notes and security deeds from the three appellees, who filed the present action against Fleet. The appellees contended that Fleet was charging usurious interest rates under OCGA § 7-4-18 and that therefore Fleet should be enjoined from proceeding with threatened foreclosures and should be required to forfeit all interests contracted for under the notes. The appellees also moved for a class certification, contending, among other things, that § 7-4-21, which prohibits class certification…