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2018 Georgia Code 7-3-1 | Car Wreck Lawyer

TITLE 7 BANKING AND FINANCE

Section 3. Industrial Loans, 7-3-1 through 7-3-29.

ARTICLE 13 LICENSING OF MORTGAGE LENDERS AND MORTGAGE BROKERS

7-3-1. Short title.

This chapter shall be known and may be cited as the "Georgia Industrial Loan Act."

(Ga. L. 1955, p. 431, § 1; Ga. L. 1997, p. 143, § 7.)

JUDICIAL DECISIONS

Cited in Clay v. Oxendine, 285 Ga. App. 50, 645 S.E.2d 553 (2007); Ga. Cash Am. v. Greene, 318 Ga. App. 355, 734 S.E.2d 67 (2012); W. Sky Fin., LLC v. State of Ga. ex rel. Olens, 300 Ga. 340, 793 S.E.2d 357 (2016).

OPINIONS OF THE ATTORNEY GENERAL

"Payday loans" are subject to the Industrial Loan Act, O.C.G.A. § 7-3-1 et seq., notwithstanding the lender's use of token consideration such as catalog coupons or purchase-leaseback arrangements. 2002 Op. Att'y Gen. No. 2002-3.

RESEARCH REFERENCES

ALR.

- State regulation of payday loans, 29 A.L.R.6th 461.

What constitutes Truth in Lending Act violation which "was not intentional and resulted from bona fide error not withstanding maintenance of procedures reasonably adapted to avoid any such error" within meaning of § 130(c) of Act (15 USCA § 1640(c)), 153 A.L.R. Fed. 193.

Validity, construction, and application of Truth in Lending Act (TILA) and regulations promulgated thereunder - United States Supreme Court cases, 67 A.L.R. Fed. 2d 567.

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