10-1-8
Code Resources
Georgia Resources
Georgia Website
Georgia Governor
Georgia Legislature
Georgia Courts
Search this Code
in Google Scholar
on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search
in the News
Google News Search
Google News Archive Search
Yahoo! News Search
in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search
in other Databases
Google Book Search
10-1-8.
(a)
Any security interest taken pursuant to a retail installment contract or
revolving account shall not be taken with respect to clothing, softwares, and
other nondurable items. Each payment with respect to a revolving account shall
be applied to goods and services as follows: first to unpaid time price
differential or finance charge; then, as to goods purchased on different dates,
the first purchased shall be deemed first paid for; as to goods purchased on the
same date, the lowest priced shall be deemed first paid for.
(b)
Nothing contained in subsection (a) of this Code section shall prevent the
parties from agreeing in writing for the payments to be otherwise applied;
provided, however, that this Code section shall be construed consistently with
Part 2 of Article 15 of this chapter, the 'Fair Business Practices Act of 1975.'
Nothing in this Code section shall be deemed to authorize any act or practice
which would otherwise be deemed unfair and deceptive under Part 2 of Article 15
of this chapter, the 'Fair Business Practices Act of 1975.'