HORTON v. MIDDLE GA. BANK

A89A0182.

191 Ga. App. 51 (1989)

380 S.E.2d 749

HORTON v. MIDDLE GEORGIA BANK et al.

Court of Appeals of Georgia.

Rehearing Denied March 27, 1989.


Attorney(s) appearing for the Case

Mel Horton, pro se.

James & Carey, James D. Carey, for appellees.


McMURRAY, Presiding Judge.

Plaintiff borrowed $20,000 from the Middle Georgia Bank in order to purchase a "lounge." The transaction was evidenced by a promissory note which plaintiff executed on October 1, 1980. The note bore interest at the annual percentage rate of 14.51. It provided that in the event of prepayment, a refund of the finance charge would be calculated by applying the Rule of 78's method. It also provided that in the event of default, the balance due...

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