™Your Policy Risk Impact Agent
10 chapters · 671 sections in this title.
O.C.G.A. § 7-4-1 Usury
0.3K chars
The term “usury” means reserving and taking or contracting to reserve and take, either directly or indirectly, a greater sum for the use of money than the lawful interest. History. Orig. Code 1863, § 2023; Code 1868, § 2024; Code 1882, § 2051; Civil Code 1895, § 2877; Civil Code …
O.C.G.A. § 7-4-10 Usury forfeits entire interest; right of setoff; how forfeiture discharged; when time bars action or defense
1.1K chars
(a) Any person, company, or corporation violating the provisions of Code Section 7-4-2 shall forfeit the entire interest so charged or taken or contracted to be reserved, charged, or taken. No further penalty or forfeiture shall be occasioned, suffered, or allowed. (b) The amount…
O.C.G.A. § 7-4-11 Usury is personal defense; no collection from insolvent to prejudice of others
0.6K chars
Usury is a personal defense; provided, however, that a creditor may not collect usurious interest from an insolvent debtor to the prejudice of other creditors. History. Civil Code 1895, § 2878; Civil Code 1910, § 3428; Code 1933, § 57-103; Ga. L. 2024, p. 1052, § 1(a)(38)/SB 448,…
O.C.G.A. § 7-4-12 Interest on judgments
1.2K chars
(a) All judgments in this state shall bear annual interest upon the principal amount recovered at a rate equal to the prime rate as published by the Board of Governors of the Federal Reserve System, as published in statistical release H. 15 or any publication that may supersede i…