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WASHINGTON LOAN &c. CO. v. GUIN

30785, 30835.

236 Ga. 779 (1976)

225 S.E.2d 318

WASHINGTON LOAN & BANKING COMPANY v. GUIN et al. JOHNSON BUILDERS SUPPLIES, INC. v. WASHINGTON LOAN & BANKING COMPANY et al.

Supreme Court of Georgia.

Decided May 5, 1976.

Attorney(s) appearing for the Case

Lawson E. Thompson, for appellant (case no. 30785).

Orr & Kopecky, Melvin P. Kopecky, Walton Hardin, Jean William Pierce, for appellees (case no. 30785).

Orr & Kopecky, Melvin P. Kopecky, for appellant (case no. 30835).

Lawson E. Thompson, Walton Hardin, Jean William Pierce, for appellees (case no. 30835).

HILL, Justice.

This case involves a dispute over money in an escrow account. The principal legal issue involved is whether a contractor who requests that the maker of a permanent loan make payment jointly to the contractor and the construction lender, thereby assigns the contractor's interest to the construction lender.

The Mobleys (hereinafter "the owners") owned a lot on which they secured a $16,000 loan from the Farmers' Home Administration to erect a house...

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