---
title: O.C.G.A. § 18-5-3. Exemption for debt adjustment by certain individuals or entities.
collection: code
id: 18-5-3
cite_as: O.C.G.A. § 18-5-3 (2025)
canonical_url: https://georgiacommons.org/code/18-5-3
md_url: https://georgiacommons.org/code/18-5-3.md
text_url: https://georgiacommons.org/code/18-5-3/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t18-t19-(v16)-2022-pdf.pdf?sfvrsn=b0848ebd_0#page=283
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.
up: https://georgiacommons.org/code/18-5.md
previous: https://georgiacommons.org/code/18-5-2.md
next: https://georgiacommons.org/code/18-5-3.1.md
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: DEBTOR AND CREDITOR / DEBT ADJUSTMENT
---

# O.C.G.A. § 18-5-3. Exemption for debt adjustment by certain individuals or entities.

Nothing in this chapter shall apply to those situations involving debt adjusting incurred in the practice of law in this state. Nothing in this chapter shall apply to those persons or entities who incidentally engage in debt adjustment to adjust the indebtedness owed to said person or entity. Nothing in this chapter shall apply to the following entities or their subsidiaries: the Federal National Mortgage Association; the Federal Home Loan Mortgage Corporation; a bank, bank holding company, trust company, savings and loan association, credit union, credit card bank, or savings bank that is regulated and supervised by the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, or the Georgia Department of Banking and Finance; or persons as defined in Code Section 7-3-3 operating under Chapter 3 of Title 7, the “Georgia Installment Loan Act.”

## History

Ga. L. 1956, p. 797, § 4; Ga. L. 2003, p. 392, § 3; Ga. L. 2015, p. 5, § 18/HB 90; Ga. L. 2015, p. 1088, § 18/SB 148; Ga. L. 2020, p. 156, § 9/SB 462.

The 2020 amendment, effective June 30, 2020, substituted “Georgia Installment Loan Act” for “Georgia Industrial Loan Act” at the end of the Code section.