Johnson v. Public Finance Corp.

Pannell, Judge.

This is an appeal from the overruling of a motion to set aside a judgment in the trial court entered by default in an action brought upon evidence of indebtedness given under the Industrial Loan Act. It was contended that the judgment was void as being founded upon a loan note which was void on its face, the contention being that the note was void for two reasons: It was in violation of Section 15 of the Industrial Loan Act (Ga. L. 1955, pp. 431, 440; Ga. L. 1964, pp. 288, 291; Code Ann. § 25-315) and Section 120-1-10-.01 (1) of the regulations promulgated by the Comptroller…