Usury

O.C.G.A. § 7-4-10 — under Banking and Finance.

O.C.G.A. § 7-4-10

Legal rate of interest; maximum rate of interest generally; certain items not considered interest. Finance charges on certain retail installment contracts; contract provisions related to manufactured homes; violations. Advertisement of rates of interest or finance charge. Failure to include required contract provisions for manufactured homes; violation of advertising restrictions. [Reserved] No limit on interest rate payable by profit corporations or persons on nonconsumer loans in excess of $3,000.00. [Reserved] No limit on interest rate on loans of $100,000.00 or more. Commission to third person does not make lawful interest usurious. Back interest may be stipulated in contract and recovered. Usury forfeits entire interest; right of setoff; how forfeiture discharged; when time bars action or defense.