Georgia Code, Title 7, Chapter 4, Article 1 - In General

• § 7-4-1 - "Usury" Defined
  The term "usury" means reserving and taking or contracting to reserve and take, either directly or indirectly, a greater sum for the use of...
• § 7-4-2 - Legal Rate of Interest; Maximum Rate of Interest Generally; Certain Items Not Considered Interest
  (a) (1) (A) The legal rate of interest shall be 7 percent per annum simple interest where the rate percent is not established by...
• § 7-4-3 - Finance Charge on Retail Installment Contracts for Manufactured Homes and Motor Vehicles Subject to Federal Law; Stating of Federal Provisions in Contract
  (a) Notwithstanding the provisions of subsections (a) through (c) of Code Section 10-1-33, any retail installment contract pertaining to: (1) Any manufactured home with...
• § 7-4-3.1 - Maximum Interest Rate on Loans by Insured Financial Institutions
  Repealed by Ga. L. 1983, p. 1146, § 8, effective March 31, 1983.
• § 7-4-4 - Advertisement of Rates of Interest or Finance Charge
  (a) No person shall advertise in or through any newspaper, radio, television, letter, circular, billhead, or in any way or through any medium any...
• § 7-4-5 - Failure to Include Federal Loan Act Provisions in Retail Installment Loan; Violating Advertising Restrictions
  (a) Any person who fails to comply with subsection (b) of Code Section 7-4-3 or Code Section 7-4-4 with respect to any person is...
• § 7-4-6 - No Limit on Interest Rate Payable by Profit Corporations or Persons on Nonconsumer Loans in Excess of $3,000.00
  Reserved. Repealed by Ga. L. 1983, p. 1146, § 8, effective March 31, 1983.
• § 7-4-7 - No Limit on Interest Rate on Loans of $100,000.00 or More
  Reserved. Repealed by Ga. L. 1983, p. 1146, § 8, effective March 31, 1983.
• § 7-4-8 - Commission to Third Person Does Not Make Lawful Interest Usurious
  Except as the application of this Code section is modified by Code Section 7-3-5, where the lender neither takes nor contracts to take more...
• § 7-4-9 - Back Interest May Be Stipulated in Contract and Recovered
  Interest from date, if the debt is not punctually paid at maturity, may be recovered when so stipulated in the contract, provided interest has...
• § 7-4-10 - Usury Forfeits Entire Interest; Right of Setoff; How Forfeiture Discharged; When Time Bars Action or Defense
  (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...
• § 7-4-11 - Usury is Personal Defense; No Collection From Insolvent to Prejudice of Others
  Usury is a personal defense; but a creditor may not collect usurious interest from an insolvent debtor to the prejudice of other creditors.
• § 7-4-12 - Interest on Judgments
  (a) All judgments in this state shall bear annual interest upon the principal amount recovered at a rate equal to the prime rate as...
• § 7-4-12.1 - Interest on Arrearage on Child Support
  (a) All awards, court orders, decrees, or judgments rendered pursuant to Title 19 expressed in monetary amounts shall accrue interest at the rate of...
• § 7-4-13 - Law of Place of Contract Governs Interest Unless Otherwise Provided
  Every contract shall bear interest according to the law of the place of the contract at the time of the contract, unless upon its...
• § 7-4-14 - Interest Runs From Default Unless Otherwise Agreed; When Demand Necessary
  In the absence of an agreement to the contrary, interest shall not run until default; hence, where money can be recovered because of mistake...
• § 7-4-15 - When Interest Runs on Liquidated Demands; Promissory Notes Payable on Demand
  All liquidated demands, where by agreement or otherwise the sum to be paid is fixed or certain, bear interest from the time the party...
• § 7-4-16 - When Interest Runs on Commercial Accounts; Maximum Interest Rate on Commercial Accounts
  Unless otherwise provided in writing signed by the obligor, a commercial account becomes due and payable upon the date a statement of the account...
• § 7-4-17 - Payment Applied First to Interest; No Interest on Unpaid Interest; Exceptions
  When a payment is made upon any debt, it shall be applied first to the discharge of any interest due at the time, and...
• § 7-4-17.1 - Refunds From Loans on Which Interest is Calculated Under the Add-On Interest Method and Which are Paid Off Prior to Maturity
  Repealed by Ga. L. 1983, p. 1146, § 8, effective March 31, 1983.
• § 7-4-18 - Criminal Penalty for Excessive Interest
  (a) Any person, company, or corporation who shall reserve, charge, or take for any loan or advance of money, or forbearance to enforce the...
• § 7-4-19 - Civil Action to Enforce Chapter
  The Department of Banking and Finance or the Industrial Loan Commissioner may bring an appropriate civil action to enforce any provision of this chapter...
• § 7-4-20 - Election to Forgo Application of Federal Usury Laws
  In enacting Code Sections 7-4-2 through 7-4-5, the General Assembly exercises its prerogative: (1) Under subsection (b)(2) of Section 501 of the Depository Institutions...
• § 7-4-21 - Class Action Barred on Claims for Violation of Interest Laws on Loans Secured by Real Estate
  A claim of violation on any loan secured by an interest in real estate may be asserted in an individual action only and may...

Last modified: October 14, 2016