Georgia Payday Loan Laws and Regulations

Since the whole practice of payday loans is banned within the state of Georgia, the laws governing such loans are unclear. However, a small loan rate cap is set at 16% annually. The charge rises to 60% annually for criminal usury.

The lender chooses regarding specific regulations such as payment terms, rollovers, maximum and minimum borrowing, etc. Borrowers must get info regarding the laws of the state from where the lender's license comes from. The short term loan protocol must be followed.

Georgia Consumer Protection

In case a problem arises, knowing about consumer protection is always an important advantage. The Georgia Commissioner of Office Insurance handles all queries and complaints. Borrowers can ask any questions, clear misunderstandings or address their issues through here. Contact can be made via the following ways:

Two Martin Luther King, Jr. Drive
West Tower, Suite 704
Atlanta, Georgia 30334
Phone: (404) 656-2070
Fax: (404) 657-8542

Interesting Facts About Georgia
  1. Georgia is the fourth largest state found in the southeastern part of the United States of America. It is the largest estate on the east side of the Mississippi river. It was the fourth state to join the Union.
  2. Major agricultural produce is peanuts, peaches, corn and cotton. The state produces some of the most delicious peaches and thus is popularly known as “The Peach state”. As for the peanuts, they are also called “goobers” and as the state produces the finest peanuts in the country so it is also fondly known as the “Goober state”.
  3. It is also the largest producer of paper and textile products in the region. The state flower is the Cherokee Bird and the state bird is the Brown thrasher.
  4. For some really interesting facts, keep on reading!
  5. Atlanta is the base of Coco Cola company- the world’s most popular and perhaps the most delicious soft drink. There is an amazing Coco Cola museum there that narrates the story of how the soft drink became the iconic drink of the day throughout the world. Be sure to visit it whenever you plan a trip to Georgia.
  6. Georgia’s highest natural point is the Brasstown Bald which is over 4700m above sea level. From here, a person can get an amazing bird’s eye view of four of the US states namely Georgia, Tennessee, Alabama and North Carolina. The Appalachian mountains of this region are mostly made of dunite and soapstone.
  7. This part of the US had been explored in as early as 1540 by Hernando de Soto and his crew. However, it wasn’t until 1778 that the colony of Georgia joined the union and became the State of Georgia. It was the 4th state to have done that.
  8. If you wish to visit the state with minimal travel expense then you should definitely sign up for a city pass. It includes visits to all the popular tourist sites such as the awesome Georgia Aquarium, the CNN studio, Atlanta Zoo and of course, Coco Cola. So, don’t forget to utilize this unique offer to make the best of your visit.
  9. The world’s largest aquarium is also found in this state. The 5 major water galleries contain over 10 million gallons of water, hundreds of marine species from all over the world and it would take you more than a day or two to get the full experience.
  10. You know how women got the right to vote after World War II; the state of Georgia passed the prestigious law in 1943 to allow the right to vote to people who are above 18 years of age.
  11. Many a popular names come from this “Yankee of the South”. Actress Kim Basinger is from Athens while the renowned newspaper journalist Lewis Grizzard is from Mooreland Georgia.
  12. Some of the funniest laws have been legislated and ruled in Georgia and this one takes the cake: It is illegal in Georgia for a chicken to cross the road. It might seem like a very humane ruling considering chickens don’t really have a good road sense.
  13. Savannah Georgia is supposed to be the most haunted city in America. The bars, motels and even bus stands in this city are thought to be cursed, possessed or occupied by ghosts at any given time of the day, newspapers have reported tragic deaths over the years and several supernatural occurrences have been witnessed by the locals- spooky, right? Well, this might turn into an adventure for the ghost hunter type of tourists.
  14. The Okefenokee Swamp spreads over 400,000 acres of water canals, moss draped trees, prairies full of water lilies that serve as home to hundreds of species of birds and other wildlife. Some of them are on the list of endangered animal species.
  15. Georgia has a lot to offer to her visitors. There are fantastic historical sites, wildlife resorts, nature reserves and other more contemporary forms of entertainment and amusement. Make sure that you leave plenty of days for sightseeing and touring around the state. It shall be an experience you will never forget.

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