Payday loan are forbidden towards the continuing suggest that is continuing of, pursuant to Ga. Code Ann. РВ§РВ§ 16-17-1 et seq.

Advance loan Lending Laws in Georgia

Payday funding had been unlawful in Georgia since 2004, even though guidelines loan that is needing business that does their state become certified and registered went into impact in 1955. The Georgia Industrial Loan Act of 1955 imposed restrictions that are strict usury loans which can be little.