BLAZER FINANCIAL SERVICES, INC. v. DUKES

53599.

141 Ga. App. 663 (1977)

234 S.E.2d 149

BLAZER FINANCIAL SERVICES, INC. v. DUKES.

Court of Appeals of Georgia.

Decided March 10, 1977.

Rehearing Denied March 22, 1977.


Attorney(s) appearing for the Case

McClain, Mellen, Bowling & Hickman, Thomas W. Thrash, Arthur Gregory, for appellant.

Carolyn S. Weeks, Richard K. Greenstein, for appellee.


WEBB, Judge.

This is an appeal from a finding that a loan contract was made in contravention of the Industrial Loan Act (Code Ann. § 25-301 et seq.) by providing for the acceleration of unearned interest, and was thus void and unenforceable. The provision in question recites that "A default in the making of any payment or part thereof shall render at the option of the Creditor, the entire unpaid balance due and payable..." (Emphasis supplied.)

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