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CLARK v. TRANSOUTH FINANCIAL CORP.

53836.

142 Ga. App. 389 (1977)

236 S.E.2d 135

CLARK et al. v. TRANSOUTH FINANCIAL CORPORATION.

Court of Appeals of Georgia.

Decided May 25, 1977.

Attorney(s) appearing for the Case

Foss, Pettigrew & Trippe, T. J., Foss, for appellants.

Nixon, Yow, Waller & Capers, John B. Long, for appellee.

SHULMAN, Judge.

Appellee, Transouth Financial Corp., filed suit for the balance owing on two loan contracts dated February 8, 1974 and May 6, 1974, executed by appellants in favor of appellee.

Although appellants admitted the execution of the loan contracts, they defended by alleging that both contracts were usurious under Georgia law (Code Ann. § 57-202(d)) because the interest rate charged as appearing on the face of the contracts was in excess of six...

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