History. Code 1981, § 7-4-5 , enacted by Ga. L. 1983, p. 1146, § 4; Ga. L. 2020, p. 493, § 7/SB 429.
The 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted “provided, however, that this provision” for “provided, however, this provision” in the proviso of subsection (b).
Editor’s notes.
Ga. L. 1983, p. 1146, § 4 repealed former Code Section 7-4-5, relating to maximum interest on loans secured by deposits or savings account, and enacted present Code Section 7-4-5, which became effective March 31, 1983.
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