History. Laws 1845, Cobb’s 1851 Digest, p. 394; Code 1863, § 2027; Code 1868, § 2028; Code 1873, § 2054; Code 1882, § 2054; Civil Code 1895, § 2882; Civil Code 1910, § 3432; Code 1933, § 57-108; Ga. L. 1980, p. 1118, § 1; Ga. L. 1986, p. 195, § 1; Ga. L. 1987, p. 352, § 1; Ga. L. 1989, p. 14, § 7; Ga. L. 2003, p. 820, § 1.
Cross references.
Amount of judgment upon which interest may be charged, § 9-12-10 .
Pre-judgment interest in highway condemnation proceedings, § 32-3-19 .
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1988, the hyphen was deleted in the word “postjudgment” in subsection (c).
Pursuant to Code Section 28-9-5, in 2003, “July 1, 2003” was substituted for “the effective date of this Code section” in subsection (d).
Editor’s notes.
Ga. L. 2003, p. 820, § 9, not codified by the General Assembly, provides that this Act “shall apply to all civil actions filed on or after July 1, 2003.”
Law reviews.
For article discussing methods of computation of finance charges in Georgia consumer credit contracts, see 30 Mercer L. Rev. 281 (1978).
For note on the 2003 amendment to this Code section, see 20 Ga. St. U.L. Rev. 28 (2003).
For annual survey of trial practice and procedure, see 56 Mercer L. Rev. 433 (2004).
Structure Georgia Code
Chapter 4 - Interest and Usury
§ 7-4-4. Advertisement of Rates of Interest or Finance Charge
§ 7-4-8. Commission to Third Person Does Not Make Lawful Interest Usurious
§ 7-4-9. Back Interest May Be Stipulated in Contract and Recovered
§ 7-4-11. Usury Is Personal Defense; No Collection From Insolvent to Prejudice of Others
§ 7-4-12. Interest on Judgments
§ 7-4-12.1. Interest on Arrearage on Child Support; Settlement of Unreimbursed Public Assistance
§ 7-4-13. Law of Place of Contract Governs Interest Unless Otherwise Provided
§ 7-4-14. Interest Runs From Default Unless Otherwise Agreed; When Demand Necessary
§ 7-4-15. When Interest Runs on Liquidated Demands; Promissory Notes Payable on Demand
§ 7-4-16. When Interest Runs on Commercial Accounts; Maximum Interest Rate on Commercial Accounts
§ 7-4-17. Payment Applied First to Interest; No Interest on Unpaid Interest; Exceptions
§ 7-4-18. Criminal Penalty for Excessive Interest
§ 7-4-19. Civil Action to Enforce Chapter
§ 7-4-20. Election to Forgo Application of Federal Usury Laws