Ga. Code § 18-5-2

Current through 2023-2024 Legislative Session Chapter 374
Section 18-5-2 - Debt adjusting permitted

In the course of engaging in debt adjusting, it shall be unlawful for any person to accept from a debtor who resides in this state, either directly or indirectly, any charge, fee, contribution, or combination thereof in an amount in excess of 7.5 percent of the amount paid monthly by such debtor to such person for distribution to creditors of such debtor; provided, however, no provision of this chapter shall prohibit any person, in the course of engaging in debt adjusting, from imposing upon a debtor who resides in this state a reasonable and separate charge or fee for insufficient funds transactions.

OCGA § 18-5-2

Amended by 2003 Ga. Laws 103, § 2, eff. 7/1/2003.