Berrien v. Avco Financial Services, Inc.

Deen, Judge.

1. Under Code Ann. § 25-315 (b) of the Georgia Industrial Loan Act as it stood when the note here under consideration was executed in 1963, the lender had a right to a recording charge and also to a fee of $1.00 in addition to the percentage amounts stated in the Act. It is irrelevant to the consideration of this case that the $1.00 charge was eliminated by Ga. L. 1964, pp. 288, 291. It was accordingly proper for the trial court to strike the defendant’s first and second defense to a suit on a promissory note given to a loan company as against the contention that this charge…