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

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