Commonwealth ex rel. State Education Assistance Authority v. Outlaw

By JUDGE ROBERT L. HARRIS, SR.

This case was first heard on January 27, 1987, in the General District Court of the City of Richmond. This case involves a promissory note signed by the defendant on February 25, 1985, as part of his application for a Virginia Guaranteed Student Loan. According to the terms of the note, defendant was to begin repayment of said note nine months after graduation from college or failure to carry at least a half time course load, whichever occurred first. The note contained a provision for 9% interest and attorneys’ fees of 30% should the note be referred to an…