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SECURITIES INVESTMENT CO. v. PEARSON

41232.

111 Ga. App. 759 (1965)

143 S.E.2d 36

SECURITIES INVESTMENT COMPANY v. PEARSON.

Court of Appeals of Georgia.

Decided May 27, 1965.

Attorney(s) appearing for the Case

E. Louis Adams, for plaintiff in error.

Smith, Gardner, Kelley & Wiggins, Fred E. Bartlett, Jr., contra.

RUSSELL, Judge.

Under the provisions of the Georgia Industrial Loan Act a loan company may not "charge, contract for or receive directly or indirectly, on or in connection with any loan. any interest, charges, fees, compensation or consideration which are greater than the rates for same provided herein" (Code Ann. § 25-303); may loan any sum of money not exceeding $2,500 and charge 8% of the first $600, 4...

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