A lessor or the entity which sells the motor vehicle to the lessor for lease to a lessee may advance money to a lessee or pay money to a third party on behalf of the lessee to satisfy a lease on or a lien on or a security interest in a motor vehicle used as a trade-in on a motor vehicle which is the subject of a motor vehicle lease contract. Any amount so advanced or paid may be included in the gross capitalized cost under the motor vehicle lease contract and shall not be considered a loan. Such advance and the seller or lessor making such advance or payment shall be exempt from the provisions of Chapter 3 of Title 7, relating to industrial loans, from the provisions of Chapter 4 of Title 7, relating to interest and usury, and from any other provision of Georgia law regulating loans.

Georgia Lawyers

Bendall & Mednick. Atlanta Accident Attorneys.
Brandon Hornsby. Atlanta Business Attorney.
Chambers, Aholt & Rickard. Atlanta Malpractice Lawyer.
Cook Youngelson & Wiggins. Atlanta First Amendment Lawyer.
Edmond & Jones. Atlanta Medical Malpractice Lawyer.
Ken Shigley. Atlanta Injury Lawyer.
Murray Law Firm. Atlanta Injury Attorney.
Richard Jones. Atlanta Inadequate Security Lawyer.
Robert N. Katz. Atlanta Auto Accident Attorney.
Sam Levine. Atlanta Personal Injury Lawyer.
Suthers Law Firm. Georgia Nursing Home Abuse Lawyer.

Last modified: May 2, 2006