O.C.G.A.

O.C.G.A. § 7-4-6 (2019)

[Reserved] No limit on interest rate payable by profit corporations or persons on nonconsumer loans in excess of $3,000.00

✓ 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

History

Code 1933, § 57-118, enacted by Ga. L. 1961, p. 300, §§ 1, 2; Ga. L. 1979, p. 355, § 2; repealed by Ga. L. 1983, p. 1146, § 8, effective March 31, 1983.

Annotations

Editor’s notes. Ga. L. 1983, p. 1146, § 8 repealed and reserved this Code section, effective March 31, 1983.

Notes of Decisions

Cited in 6 cases, 1983–1990 · leading case: Home Materials, Inc. v. Auto Owners Ins., 300 S.E.2d 139 (Ga. 1983).

Sort: Relevance Newest Treatment

Home Materials, Inc. v. Auto Owners Ins., 300 S.E.2d 139 (Ga. 1983). · cites it 2× “OCGA § 7-4-6 (Code Ann. § 57-118). 2. We turn now to the question of the binding nature of McAllister’s representations.”

Griffin v. Georgia-Pac. Corp., 341 S.E.2d 499 (Ga. Ct. App. 1986). · cites it 2× “Insofar as appellant asserts that, as a matter of law, interest at the rate of 1-V2 percent per month would be usurious, that rate of interest is specifically authorized by OCGA § 7-4-6 where, as here, a “commercial account” remains unpaid.”

Horton v. Middle Georgia Bank, 380 S.E.2d 749 (Ga. Ct. App. 1989). · cites it 2× “§ 57-118 (OCGA § 7-4-6) was in effect. That section provided that with respect to a nonconsumer loan in excess of $3,000, there would be no interest rate limit.”

Tench v. U. S. Tsubaki, Inc., 381 S.E.2d 319 (Ga. Ct. App. 1989). · cites it 2× “Thus, plaintiff here complied with the requirement to make a pre-trial invocation of the applicability of OCGA § 7-4-6. See Gold Kist Peanuts v. Alberson, 178 Ga.”

Frank Maddox Realty & Mortg., Inc. v. First Nat'l Bank, 395 S.E.2d 326 (Ga. Ct. App. 1990). · cites it 2× “Appellants’ argument regarding the usurious rate of interest charged a corporate debtor on a note executed in 1980 with the principal amount of the loan exceeding $3,000 is controlled adversely to them by former OCGA § 7-4-6 (in effect when the note was executed) and Finlay v.”

Fidelcor Mortg. Co. of Georgia, Inc. v. Tyroff, 302 S.E.2d 96 (Ga. 1983). · cites it 2× “§ 57-118 (present OCGA § 7-4-6) and Code Ann. § 57-201 (present OCGA § 7-4-31).”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.