Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 3. INSTALLMENT LOANS · Article 2. OPERATING PROCEDURES

7-3-13. Licensee’s compliance when purchasing notes and other documents.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

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.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

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.

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.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, page 667; merge action: carried; file SHA-256 5c69f28428d8.