GRUBB v. OLIVER ENTERPRISES, INC.

Civ. A. Nos. 15550, 15976.

358 F.Supp. 970 (1972)

Percy GRUBB, Plaintiff, v. OLIVER ENTERPRISES, INC., d/b/a Dollar Loan Company.

United States District Court, N. D. Georgia, Atlanta Division.

November 3, 1972.


Attorney(s) appearing for the Case

Stack, O'Brien & Neely, Atlanta, Ga., for plaintiff.

Lefkoff & Hanes, Atlanta, Ga., for defendant.


ORDER

MOYE, District Judge.

On December 17, 1970, Percy Grubb borrowed $55.94 from the Dollar Loan Company. The disclosed annual percentage rate of interest on the loan was 65.46 percent. Although Grubb was obligated to repay Dollar Loan $55.94, he received cash in hand of only $17.27. Dollar Loan Company kept the balance in order to apply $22.73 to a prior unpaid loan, collect statutorily authorized interest charges of $5.59, and pay Grubb's premiums of...

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