Court of Appeals of Georgia October 19, 1979, 58393 (Peterson v. Newton)

Also known as

United States · · · 19-10-1979

Banke, Judge.

The appellee was awarded judgment against the appellant on a promissory note in the amount of $975 principal, $30 interest, and $122.50 attorney fees. The sole issue on appeal is whether the $30 interest charge was usurious. We shall resist the temptation to call this a matter of principle.

The note specified an interest rate of 9.5% per annum.

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