Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 4. INTEREST AND USURY · Article 1. IN GENERAL

7-4-9. Back interest may be stipulated in contract and recovered.

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

Interest from date, if the debt is not punctually paid at maturity, may be recovered when so stipulated in the contract, provided that interest has not already been included in the principal amount.

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.

History

Orig. Code 1863, § 2025; Code 1868, § 2026; Code 1873, § 2052; Code 1882, § 2052; Civil Code 1895, § 2879; Civil Code 1910, § 3429; Code 1933, § 57-105; Ga. L. 2024, p. 1052, § 1(a)(37)/SB 448, effective July 1, 2024.

Amendments

The 2024 amendment, effective July 1, 2024, part of an Act to revise, modernize, and correct the Code, substituted “provided that interest” for “provided interest” in this Code section.

Law reviews

For article on Georgia’s usury laws and interest on interest, see 8 Ga. St. U.L. Rev. 291 (1992).

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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 727; merge action: carried; file SHA-256 5c69f28428d8.

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