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COMMUNITY FINANCE COMPANY v. LLOYD

42034.

114 Ga. App. 230 (1966)

150 S.E.2d 845

COMMUNITY FINANCE COMPANY v. LLOYD.

Court of Appeals of Georgia.

Decided September 6, 1966.

Attorney(s) appearing for the Case

Paul N. Brown, for appellant.

Leon A. Wilson, II, for appellee.

PANNELL, Judge.

1. The Georgia Industrial Loan Act (Ga. L. 1955, p. 431) provides in Section 15 thereof for the maximum rate of charge for loans made by a licensee under the Act (Code Ann. § 25-315). Paragraph (a) of this section is in part as follows: The licensee may "Charge, contract for, receive and collect interest at a rate not to exceed 8 percent per annum of the face amount of the contract, whether repayable in one single payment or repayable in...

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