Statutes, codes, and regulations
CODE OF GEORGIA
Title 7 - BANKING AND FINANCEChapter 4 - INTEREST AND USURY
Article 1 - IN GENERAL
Section 7-4-11 - Usury is personal defense; no collection from insolvent to prejudice of others

Ga. Code § 7-4-11

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Current through 2023-2024 Legislative Session Chapters 1-597, 604, 609, 612, 696, 697
Section 7-4-11 - Usury is personal defense; no collection from insolvent to prejudice of others

Usury is a personal defense; but a creditor may not collect usurious interest from an insolvent debtor to the prejudice of other creditors.

OCGA § 7-4-11