Pitts v. Peoples Loan & Finance Corp.

Quillian, Judge.

The appeals involve the same issues and are considered together.

1. Appellant, defendant below, who purchased a vehicle and gave a note therefor pursuant to Code Ann. Ch. 96-10 (Ga. L. 1967, p. 674 et seq.) contends that he was charged interest in excess of that allowed under Code Ann. § 96-1004 (Ga. L. 1967, pp. 674, 679; 1970, pp. 101, 103) since the cost of insurance was included in the amount financed, the "unpaid balance.”

Insurance costs and other authorized charges are properly included in "unpaid balance” and subject to the finance charge. Pike v. Universal C. I. T.…