State Codes and Statutes
Statutes > Georgia > Title-7 > Chapter-3 > 7-3-16O.C.G.A. 7-3-16 (2010)
7-3-16. Loans to pay contracts acquired by licensee restricted
No loan shall be made by any licensee for the purpose of paying all or any part of the amount owed on any note, bill of sale to secure debt, title retention contract, conditional sales contract, or any other similar contract which has been purchased by or assigned or transferred to such licensee for a period of at least 90 days from the date of such purchase or transfer.
