– Lower than Georgia laws, social rules decides one funds established partially towards the unlawful thought is gap and money paid back pursuant so you can for example agreements need not be paid off, and since this is the same answer due to the fact given within this section having financing hence violate it, the brand new difference between unlawful money and loans situated in area towards the unlawful issue is regarding $255 installment loans online same day Utah no characteristics. Williams v. Personal Fin. Corp., 598 F.2d 349 (fifth Cir. 1979).
Person who gives money on wages and you may wages are susceptible to conditions of one’s C.G.A. ยง 7-3-1 ainsi que seq.). 1954-56 Op. Att’y Gen. p. 385.
– Individual perhaps not involved with providers of developing finance, but which can make periodic funds within the numbers lower than $2, (today $step 3,) repayable inside the monthly, every quarter, otherwise yearly installment payments, may charge appeal from the 6 % (today 8 per cent) per year for the entire ages of loan or take protection therefor, that will be not required to locate a licenses under so it section. 1954-56 Op.