A debtor may not give a power of attorney to any person to confess judgment on a claim arising out of a consumer loan. A power of attorney given in violation of this Section is void.
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COL120106
ARTICLE 5 REGULATED LOANS
14 GCA § 3407 — under Loans.
14 GCA § 3407
A debtor may not give a power of attorney to any person to confess judgment on a claim arising out of a consumer loan. A power of attorney given in violation of this Section is void.
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COL120106
ARTICLE 5 REGULATED LOANS