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2022 Georgia Code
Title 7 - Banking and Finance
Chapter 4 - Interest and Usury
Article 1 - In General
§ 7-4-14. Interest Runs From Default Unless Otherwise Agreed; When Demand Necessary
Universal Citation:
GA Code § 7-4-14 (2022)
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In the absence of an agreement to the contrary, interest shall not run until default; hence, where money can be recovered because of mistake or other like reasons, no interest shall run until after demand and refusal to refund.
History. Civil Code 1895, § 2881; Civil Code 1910, § 3431; Code 1933, § 57-107.
History of Code section.
This Code section is derived from the decision in Georgia R.R. & Banking Co. v. Smith, 83 Ga. 626 , 10 S.E. 235 (1889).
Law reviews.
For survey article on trial practice and procedure, see 60 Mercer L. Rev. 397 (2008).
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