SCHEIL v. GEORGIA FEDERAL SAVINGS & LOAN ASSOCIATION

59777.

154 Ga. App. 714 (1980)

269 S.E.2d 881

SCHEIL et al. v. GEORGIA FEDERAL SAVINGS & LOAN ASSOCIATION.

Court of Appeals of Georgia.

Decided May 21, 1980.


Attorney(s) appearing for the Case

Gregory C. Chastain, Roy E. Barnes, for appellants.

Paul H. Anderson, Jr., Paul H. Anderson, for appellee.


SHULMAN, Judge.

Plaintiffs brought suit against defendant savings and loan association, alleging that defendant had violated the state usury laws in charging interest on their real estate loan in excess of the 10% allowable in 1978.

The pertinent facts are as follows: Plaintiffs executed in 1978 a promissory note to defendant in the amount of $56,000 with interest on the unpaid principal balance at the rate of 9.75% per annum. Under the terms of the note,...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases