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Notice: As a part of OVLG's preventive measures on COVID-19 outbreak, our office will remain operational with reduced staff from home. You may face issues with the phone due to routing issues or get delayed response. So we prefer that you send us an email or make a support request for assistance. For new clients, please use our chat system.

Payday loan laws in Georgia

  • Statutory citation: Industrial loan act applies. Ga. Code Ann. § 7-3-14; §§ 16-17-1 et seq. Ga. Comp. R. & Regs. 80 3-1.02(7).
  • Legal status: Prohibited

Lending specifications:

  • Small Loan Rate Cap: Min. $3000 at 16% APR; 60% per year criminal usury cap

Complaint cell:

  • Regulator: Office of the Commissioner of Insurance, Georgia
  • Address: Industrial Loan Division, Two Martin Luther King, Jr. Drive West Tower, Suite 704 Atlanta GA 30334
  • Phone: (404) 656-2070
  • Fax: (404) 657-8542
  • Regulatory Contact: Ralph T. Hudgens, Industrial Loan Commissioner
  • Website: http://www.oci.ga.gov/IndustrialLoan/Home.aspx

Last Updated on: Tue, 14 Nov 2017