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Georgia Installments Fixed Rate Promissory Note Secured by Personal Property Georgia Form

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Georgia Installments Fixed Rate Promissory Note Secured by Personal Property Georgia Form

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uh as chair of the subcommittee on financial institutions and consumer protection i'm very concerned about predatory payday and car title lending that target our most vulnerable communities contributing to the wealth gap i've witnessed the harms of these loans on families first hand as a pastor i'm proud to say that georgia has long been a national leader in the fight against predatory lending imposing a strict 10 percent usury limit on small dollar loans in fact georgia has generally banned payday lending and in 2004 georgia lawmakers on a bipartisan basis closed loopholes used by payday lenders to charge triple digit interest rates and reaffirm their commitment to keeping payday lending out of the state increasing fines and criminal penalties for lenders making small loans at illegal interest rates these strong laws supported both by republicans and democrats in georgia protect georgians from payday lending and save georgians over 284 million dollars annually

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