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2023 CODE OF GEORGIA
Title 7 - BANKING AND FINANCE (§§ 7-1-1 — 7-9-13)
Chapter 4 - INTEREST AND USURY (§§ 7-4-1 — 7-4-30)
Article 1 - IN GENERAL (§§ 7-4-1 — 7-4-21)
Section 7-4-11 - Usury is personal defense; no collection from insolvent to prejudice of others
Universal Citation:
GA Code § 7-4-11 (2023)
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Usury is a personal defense; provided, however, that a creditor may not collect usurious interest from an insolvent debtor to the prejudice of other creditors.
Amended by 2024 Ga. Laws 701,§ 1, eff. 7/1/2024.
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