O.C.G.A.

O.C.G.A. § 7-3-13 (2019)

Licensee’s compliance when purchasing notes and other documents

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

If a licensee purchases or receives by transfer or assignment any note, bill of sale to secure debt, title retention contract, conditional sales contract, or any other similar contract that would otherwise be governed by this chapter, the licensee shall comply with the provisions of this chapter when making a loan for the purpose of paying off all or any part of such instrument.

History

Ga. L. 1964, p. 288, § 7; Code 1981, § 7-3-16; Code 1981, § 7-3-13, as redesignated by Ga. L. 2020, p. 156, § 2/SB 462.

Annotations

Editor’s notes. Ga. L. 2020, p. 156, § 2/SB 462,

effective June 30, 2020, redesignated former Code Section 7-3-13 as present Code Section 7-3-10.

RESEARCH REFERENCES Am. Jur. 2d. 53A Am. Jur. 2d, Moneylenders and Pawnbrokers, § 27 et seq. ALR. Finance charge in connection with

conditional sale contract as usury, 143 A.L.R. 238.