Tennille Banking Co. v. Quinn

1. Where usurious interest is reserved for a loan of money contracted since the year 1916, and in a suit by the lender against the debtor a judgment is rendered for the principal amount only, the interest being forfeited by virtue of the provisions of the act of 1916 (Acts 1916, p. 48; Park’s Ann. Code, Supp. 1922, § 3438),'providing for a forfeiture of the entire interest when usury is charged, such judgment does not bear interest. Daniel v. Gibson, 72 Ga. 367 (2 a) (53 Am. R. 845) ; Danforth v. National Rank of Elizabeth, 48 Fed. 271 (17 L. R. A. 622, 1 C. C. A. 62). And this is so…