Legal Opinion
Varner v. Century Finance Corp.
Supreme Court of Georgia
Decided April 4, 1984No. 40646PublishedCited by 3 opinions
1Opinion of the Court
Smith, Justice.
This case involves the following certified question from the United States Court of Appeals, Eleventh Circuit. “Does the Georgia Industrial Loan Act authorize a lender to use the Rule of 78’s method of rebating prepaid interest in connection with a refinancing of a loan before maturity? Does the Act instead require lenders to compute such rebates on a pro rata basis?” Varner v. Century Finance Co., 720 F2d 1228 (11th Cir. 1983).
We are called upon by the federal court in this case to construe OCGA § 7-3-1 et seq., the Georgia Industrial Loan Act (the Act). The purpose of the Act…
2Cases cited2 opinions
- Garrett v. GAC FINANCE CORPORATIONCourt of Appeals of Georgia · 1973
- Pollard v. Congress Finance Corp.Court of Appeals of Georgia · 1980
3Cited by3 opinions
- Garrett Varner, Cross-Appellant v. Century Finance Company, Inc., Cross-Appellee. Pearl M. Bradley v. Termplan, Inc., Josephine Simpson, Cross-Appellant v. Termplan, Inc. Of Georgia, Cross-AppelleeCourt of Appeals for the Eleventh Circuit · 1984
- Varner v. Century Finance Co.Court of Appeals for the Eleventh Circuit · 1984
- Harlow v. Walton Loan Corp.Court of Appeals of Georgia · 1985