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SOUTHERN DISCOUNT CO. v. ECTOR

58575, 58576.

152 Ga. App. 244 (1979)

262 S.E.2d 457

SOUTHERN DISCOUNT COMPANY OF GEORGIA v. ECTOR; and vice versa.

Court of Appeals of Georgia.

Decided October 11, 1979.

Rehearing Denied October 31, 1979.

Rehearing Denied November 8, 1979.

Attorney(s) appearing for the Case

John E. Tomlinson, J. Lamar Nix, for appellant.

Ralph Goldberg, Dwight Bowen, for appellee.

Charles M. Baird, amicus curiae.

McMURRAY, Presiding Judge.

These cases involve an action for declaratory judgment. On December 6, 1977, Southern Discount Company of Georgia was a licensee under the Georgia Industrial Loan Act. On that date it entered into a loan contract with Geneva Ector with reference to a loan coming within that Act. In addition to the agreement by Geneva Ector to repay the note in installments, she also granted to the lender a security interest in certain personal property....

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