E.2d step 3 (1974); Hodges vmunity Mortgage & Inv Finance which had undergone refinancing weren’t gap under O.C.G.A beneficial. § 7-3-1 ainsi que seq. simply since prepaid desire attributable to the first loans is actually rebated in terms of those individuals plans with regards to the Laws from 78’s, rather than by a pro rata means. Varner v. Century Fin. Co., 738 F.2d 1143 (11th Cir. 1984). – A great 1979 financial obligation was not uncollectible as the amazing 1977 arrangement broken the Georgia Commercial Mortgage Operate (now Georgia Cost Financing Act), O.C.G.A good. § 7-3-step 1 et seq., from the failing continually to provide for rebates from unearned borrowing from the bank insurance premiums. However, as https://nationaltitleloan.net/payday-loans-ia/ a penalty because of it violation, the borrowed funds company had to forfeit most of the focus and you can charge accrued in connection with this new 1977 contract. Varner v. Century Fin. Co., 738 F.2d 1143 (11th Cir. 1984). – Deal clause which makes whole unpaid balance and you may payable through to default away from payment is actually emptiness and you can unenforceable since the providing getting acceleration out-of unearned attract. Blazer Fin. Servs. v. Dukes, 141 Ga. Software. 663, […]