Southern Discount Co. v. Heide

Banke, Judge.

The appellant sued to collect on a note made under the Industrial Loan Act (Code Ann. § 25-301 et seq.). The trial court found that the note was void as a matter of law and granted the appellee’s motion for summary judgment.

1. Under the record as it existed at the time the trial court ruled on the motion, it appears that the appellant had made conflicting disclosures as to the amount of the premium charged for credit accident and health insurance. Under Code Ann. § 25-319, the amount of all such insurance premiums must be shown "in clear terms” at the time the loan is made.…