---
title: O.C.G.A. § 7-7-4. Borrower’s remedies for violation of chapter.
collection: code
id: 7-7-4
cite_as: O.C.G.A. § 7-7-4 (2025)
canonical_url: https://georgiacommons.org/code/7-7-4
md_url: https://georgiacommons.org/code/7-7-4.md
text_url: https://georgiacommons.org/code/7-7-4/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=813
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/7-7.md
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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 / LOAN BROKERS
---

# O.C.G.A. § 7-7-4. Borrower’s remedies for violation of chapter.

(a) Any borrower injured by a violation of this chapter may bring civil action in a court of competent jurisdiction for recovery of damages. Judgment shall be entered for actual damages and in no case shall be less than the amount paid by the borrower to the loan broker, plus reasonable attorney’s fees and costs. An award may also be entered for punitive damages.

(b) Any borrower injured by a violation of this chapter may bring an action against the surety bond or trust account, if any, of the loan broker.

(c) The remedies provided under this chapter are in addition to any other procedures or remedies for any violation or conduct provided for in any other law.

## History

Code 1981, § 7-7-4, enacted by Ga. L. 1992, p. 1123, § 1.