Georgia Cash Advance Law and Legislation. Payday financing is forbidden in Georgia

Georgia Cash Advance Law and Legislation. Payday financing is forbidden in Georgia

Georgia put an end to lending that is payday in their state whenever it place a 10% APR limit on tiny loans. Currently, there are not any payday loan providers in Georgia. More over, predatory lending that is high-cost considered a felony right right here, and so, may be criminally prosecuted.

Georgia Payday Lending Statutes

In reality, there clearly was a ban on payday loan providers restricting their procedure into the continuing state based on the Industrial loan work (Ga. Code Ann. 7-3-14., Ga. Comp. R. & Regs. r. 80 3-1.02(7) and O. C.G.A. Section 16-17-1 et seq.).

Georgia has extremely strict laws with regard to payday advances.

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