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Pitts v. Peoples Loan Finance Corporation of Rome

Court of Appeals of Georgia
Jun 6, 1975
217 S.E.2d 181 (Ga. Ct. App. 1975)

Opinion

50541, 50542.

SUBMITTED MAY 7, 1975.

DECIDED JUNE 6, 1975.

Action on note. Gordon Superior Court. Before Judge Davis.

Edge Edge, John D. Edge, for appellant.

Maley Crowe, M. Douglas Mann, for appellee.


The appeals involve the same issues and are considered together.

1. Appellant, defendant below, who purchased a vehicle and gave a note therefor pursuant to Code Ann. Ch. 96-10 (Ga. L. 1967, p. 674 et seq.) contends that he was charged interest in excess of that allowed under Code Ann. § 96-1004 (Ga. L. 1967, pp. 674, 679; 1970, pp. 101, 103) since the cost of insurance was included in the amount financed, the "unpaid balance."

Insurance costs and other authorized charges are properly included in "unpaid balance" and subject to the finance charge. Pike v. Universal C. I. T. Credit Corp., 125 Ga. App. 83, 85 ( 186 S.E.2d 482); Code Ann. § 96-1004 (b), supra; Regulation Z, 12 C.F.R. § 226.8 (c). See Holden v. Peoples, Inc. of Rome, 122 Ga. App. 269 ( 176 S.E.2d 516), construing the former law. See also Leach v. Midland-Guardian Co. 127 Ga. App. 562, 564 ( 194 S.E.2d 260).

2. The remaining enumerations of error are without merit.

Judgments affirmed. Pannell, P. J., and Clark, J., concur.


SUBMITTED MAY 7, 1975 — DECIDED JUNE 6, 1975.


Summaries of

Pitts v. Peoples Loan Finance Corporation of Rome

Court of Appeals of Georgia
Jun 6, 1975
217 S.E.2d 181 (Ga. Ct. App. 1975)
Case details for

Pitts v. Peoples Loan Finance Corporation of Rome

Case Details

Full title:PITTS v. PEOPLES LOAN FINANCE CORPORATION OF ROME. CAMPBELL v. PEOPLES…

Court:Court of Appeals of Georgia

Date published: Jun 6, 1975

Citations

217 S.E.2d 181 (Ga. Ct. App. 1975)
217 S.E.2d 181

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