Lawrimore v. Sun Finance Co.

Pannell, Judge.

This is an appeal by a borrower from the overruling of her motion to set side a judgment rendered against her, by default, in favor of a licensee under the Georgia Industrial Loan Act, made on grounds the loan instrument attached to the pleading was void, and the pleading, therefore, showed on its face that no cause of action existed. The grounds stated were (a) The contract to provide for "interest from maturity at the rate of 8% per annum,” and (b) The contract provided for charges in excess of those permitted by the Act in providing that "failure to pay any instalment or…