---
title: O.C.G.A. § 7-3-15. Delivery of copy of contract or itemized statement; receipts.
collection: code
id: 7-3-15
cite_as: O.C.G.A. § 7-3-15 (2025)
canonical_url: https://georgiacommons.org/code/7-3-15
md_url: https://georgiacommons.org/code/7-3-15.md
text_url: https://georgiacommons.org/code/7-3-15/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=669
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/7-3.md
previous: https://georgiacommons.org/code/7-3-14.md
next: https://georgiacommons.org/code/7-3-16.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: BANKING AND FINANCE / INSTALLMENT LOANS / OPERATING PROCEDURES
---

# O.C.G.A. § 7-3-15. Delivery of copy of contract or itemized statement; receipts.

In addition to any applicable disclosure requirements, at the time the installment loan is made, each licensee under this chapter shall deliver to the borrower or, if there are multiple borrowers, to one of the borrowers a copy of the loan contract or a written itemized statement in the English language showing in clear terms the date and amount of the loan, a schedule of the payments or a description thereof, the type of security for the loan, the licensee’s name, unique identifier, business address, the actual amount of cash advanced to or on behalf of the borrower, the amount of each class of insurance carried and the premiums paid thereon, and the amount of interest and fees. Each licensee shall give a receipt for every cash payment made.

## History

Ga. L. 1904, p. 79, §§ 6, 7; Civil Code 1910, § 3454; Ga. L. 1920, p. 215, § 14; Code 1933, §§ 25-209, 25-314; Ga. L. 1955, p. 431, § 19; Code 1981, § 7-3-18; Code 1981, § 7-3-15, as redesignated by Ga. L. 2020, p. 156, § 2/SB 462.

## Editor's Notes

Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020, redesignated former Code Section 7-3-15 as present Code Section 7-3-12.