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Legal Opinion

First Alliance Bank v. Westover, Inc.

Court of Appeals of Georgia

Decided August 16, 1996No. A96A0787, A96A0788PublishedCited by 6 opinions

1Opinion of the Court

Blackburn, Judge.

We granted this interlocutory appeal to address the denial of motions for partial summary judgment by each side on the sole issue before us, that being whether a discount received by one of two joint lenders at the time it bought the interest of the other lender shall be included in calculating interest for the purpose of evaluating a usury claim pursuant to OCGA § 7-4-18.

On October 27, 1988, Cobb Federal Savings Bank (Cobb Federal) loaned Westover, Inc. (Westover) $2.7 million to develop a subdivision. The agreement provided that Westover would pay Cobb Federal a loan…

2Cases cited7 opinions

  1. Precise v. City of RossvilleSupreme Court of Georgia · 1991
  2. Norris v. Sigler Daisy CorporationSupreme Court of Georgia · 1990
  3. Tribble v. StateCourt of Appeals of Georgia · 1954
  4. Jackson v. StateCourt of Appeals of Georgia · 1908
  5. Williams v. PowellCourt of Appeals of Georgia · 1994

2 more not listed; retrieve them via the Exa API.

3Cited by6 opinions

  1. GMAC Commercial Mortgage Corp. v. Maitland Hotel AssociatesDistrict Court, M.D. Florida · 2002
  2. Wickliffe v. Wickliffe Co., Inc.Court of Appeals of Georgia · 1997
  3. Cashback Catalog Sales, Inc. v. PriceDistrict Court, S.D. Georgia · 2000
  4. Harbour v. SiricoDistrict Court, M.D. Louisiana · 2020
  5. S & A Industries, Inc. v. Bank AtlantaCourt of Appeals of Georgia · 2000

1 more not listed; retrieve them via the Exa API.

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