---
title: O.C.G.A. § 10-1-33.1. Advancement of money for satisfaction of lease, lien, or security interest in motor vehicle.
collection: code
id: 10-1-33.1
cite_as: O.C.G.A. § 10-1-33.1 (2025)
canonical_url: https://georgiacommons.org/code/10-1-33.1
md_url: https://georgiacommons.org/code/10-1-33.1.md
text_url: https://georgiacommons.org/code/10-1-33.1/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=67
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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previous: https://georgiacommons.org/code/10-1-33.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / SELLING AND OTHER TRADE PRACTICES / MOTOR VEHICLE SALES FINANCING
---

# O.C.G.A. § 10-1-33.1. Advancement of money for satisfaction of lease, lien, or security interest in motor vehicle.

A retail installment seller may advance money to a buyer or pay money to a third party on behalf of the buyer 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 retail installment transaction under this article. Any amount so advanced or paid may be financed as part of a retail installment contract and shall not be considered a loan. The transaction and the seller making such advance or payment shall be exempt from the provisions of Chapter 3 of Title 7, relating to installment 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.

## History

Code 1981, § 10-1-33.1, enacted by Ga. L. 1999, p. 1229, § 2; Ga. L. 2020, p. 156, § 8/SB 462.

## Editor's Notes

Ga. L. 2020, p. 156, § 10/SB 462, not codified by the General Assembly, provides that: “This Act shall apply to all installment loan agreements entered into on and after July 1, 2020.”