Statutes, codes, and regulations
CODE OF GEORGIA
Title 44 - PROPERTYChapter 14 - MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENSArticle 7 - FORECLOSUREPart 4 - FORECLOSURES ON PERSONALTY
Subpart 1 - IN GENERAL
Section 44-14-238 - Foreclosure when debts due in installments; treatment of surplus

Ga. Code § 44-14-238

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Current through 2023-2024 Legislative Session Chapter 709
Section 44-14-238 - Foreclosure when debts due in installments; treatment of surplus

If a mortgage on personalty is given to secure several debts falling due at different times, the mortgagee may foreclose when the first debt becomes due; and the court will control the surplus so as to protect the lien created for the debts not due.

OCGA § 44-14-238