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United States Of America Cash Advance Centers v. Oxendine

United States Of America Cash Advance Centers v. Oxendine

DECIDED: 1, 2003 august

Summary judgment. Fulton Superior Court. Before Judge Longer.

Troutman Sanders, William M. Droze, David M. Green, for appellants.

Thurbert E. Baker, Attorney General, Sidney R. Barrett, Jr., Isaac Byrd, Senior Assistant Attorneys General, Samantha M. Rein, Assistant Attorney General, for appellee.

United States Of America payday advances Advance Centers, American advance loan, Inc., EZ Credit, Inc., Fast money `Til Payday, Inc., Great American advance loan, Inc., Great American Credit, Inc., Monday `Til Payday, Inc., United States Of America wage advance, Inc., United States Of America payday advances Advance Center #8, Inc., United States Of America payday advances Advance Center #9, Inc., United States Of America cash advance Center #10, Inc., USA cash advance Center #11, Inc., United States Of America cash advance Center #12, Inc., United States Of America cash advance Center #13, Inc., and United States Of America cash advance Center #14, Inc. Brought a declaratory judgment action against John W. Oxedine, indiv motion for summary judgment had been given because of the test court for Oxendine. Finding no mistake, we affirm.

In July of 2002, the Commissioner authorized a study of the loan that is”payday tasks of USA Payday Advance Centers. Due to the assessment, an administrative “show cause” order given, while the plaintiffs had been among the list of events known as into the purchase. Following the hearing on October 11, 2002, the Commissioner unearthed that the plaintiffs had been in breach associated with the Industrial Loan Act to make loans with no commercial loan permit as well as in making false and misleading advertisments of loans; the Commissioner commanded them to stop and desist from making loans “except as permitted underneath the Georgia Industrial Loan Act. ” Plaintiffs had been asking an interest that is annual of 650%.