Sanders v. Liberty Loan Corporation

Full title: SANDERS et al. v. LIBERTY LOAN CORPORATION

Court: Supreme Court of Georgia

Date published: Sep 9, 1980

271 S.E.2d 218 (Ga. 1980)

271 S.E.2d 218

Opinion

36258.

SUBMITTED JULY 7, 1980.

DECIDED SEPTEMBER 9, 1980.

Certiorari to the Court of Appeals of Georgia — 153 Ga. App. 859 ( 267 S.E.2d 273) (1980).

James A. Elkins, Jr., for appellants. Charles M. Baird, amicus curiae.

William L. Slaughter, for appellee.

NICHOLS, Justice.

This court granted certiorari to consider the question of whether a consumer who is repaying a loan found to be void under the Industrial Loan Act is entitled to recover both principal and interest paid to the lender.

The case is controlled by the holding of this court in Southern Discount Co. v. Ector, 246 Ga. 30 ( 268 S.E.2d 621) (1980).

Judgment reversed. All the Justices concur, except Jordan, P.J., who dissents.

SUBMITTED JULY 7, 1980 — DECIDED SEPTEMBER 9, 1980.