---
title: O.C.G.A. § 40-3-60. Security interest not created by provision for adjustment of rental price.
collection: code
id: 40-3-60
cite_as: O.C.G.A. § 40-3-60 (2025)
canonical_url: https://georgiacommons.org/code/40-3-60
md_url: https://georgiacommons.org/code/40-3-60.md
text_url: https://georgiacommons.org/code/40-3-60/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t40-ch1-5-(v28a)-2024-pdf.pdf?sfvrsn=636595ac_0#page=466
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/40-3.md
previous: https://georgiacommons.org/code/40-3-59.md
next: https://georgiacommons.org/code/40-3-61.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: MOTOR VEHICLES AND TRAFFIC / CERTIFICATES OF TITLE, SECURITY INTERESTS, AND LIENS / SECURITY INTERESTS IN AND LIENS ON MOTOR VEHICLES
extraction_warnings:
  - dehyphenation_unverified:down-ward
---

# O.C.G.A. § 40-3-60. Security interest not created by provision for adjustment of rental price.

Notwithstanding any other provision of law, in the case of a motor vehicle or trailer, a transaction does not create a sales or security interest merely because it provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.

## History

Code 1981, § 40-3-60, enacted by Ga. L. 1995, p. 739, § 1.