Carter v. Credithrift of America, Inc.
Carter v. Credithrift of America, Inc.
Opinion of the Court
This appeal was taken from the denial of defendant’s motion to set aside a default judgment. It is contended that the loan contract on which suit was brought violated the provisions of the Industrial Loan Act, Code Ann. § 25-319 (Ga. L. 1955, pp. 431, 444) by failing to disclose "the amount of each class of insurance carried and the premiums paid thereon.” Held:
The contract in question revealed the premium charged for the insurance but not the amount of each class of insurance carried. Hence, there appears a clear violation of the statute which requires the grant of defendant’s motion to set aside. Patman v. General Fin. Corp. of Ga., 128 Ga. App. 836 (198 SE2d 371); Hawkins v. Household Fin. Corp. of Decatur, 139 Ga. App. 525 (229 SE2d 13). See Moore v. American Fin. System, 236 Ga. 610 (225 SE2d 17).
Judgment reversed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.