Georgia Code
Article 2 - Operating Procedures
§ 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.
The 2020 amendment, effective June 30, 2020, redesignated former Code Section 7-3-18 as present Code Section 7-3-15, and, in the first sentence, substituted “In addition to any applicable disclosure requirements, at the time the installment” for “At the time the”, “multiple borrowers” for “two or more”, “the borrowers” for “them”, and substituted “, unique identifier, business address, the actual amount of cash” for “and address, the actual cash”. See Editor’s notes at the beginning of this chapter for applicability.
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.

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