§ 7-3-18 - Delivery of copy of contract or itemized statement; receipts - Georgia Statutes

State Codes and Statutes

Statutes > Georgia > Title-7 > Chapter-3 > 7-3-18

O.C.G.A. 7-3-18 (2010)
7-3-18. Delivery of copy of contract or itemized statement; receipts

At the time the loan is made, each licensee under this chapter shall deliver to the borrower or, if there are two or more, to one of them a copy of the loan contract or a written itemized statement in the English language showing in clear terms the date and amount of the loan, a schedule of the payments or a description thereof, the type of security for the loan, the licensee's name and address, the actual cash advanced to or on behalf of the borrower, the amount of each class of insurance carried and the premiums paid thereon, and the amount of interest and fees. Each licensee shall give a receipt for every cash payment made.

State Codes and Statutes

Statutes > Georgia > Title-7 > Chapter-3 > 7-3-18

O.C.G.A. 7-3-18 (2010)
7-3-18. Delivery of copy of contract or itemized statement; receipts

At the time the loan is made, each licensee under this chapter shall deliver to the borrower or, if there are two or more, to one of them a copy of the loan contract or a written itemized statement in the English language showing in clear terms the date and amount of the loan, a schedule of the payments or a description thereof, the type of security for the loan, the licensee's name and address, the actual cash advanced to or on behalf of the borrower, the amount of each class of insurance carried and the premiums paid thereon, and the amount of interest and fees. Each licensee shall give a receipt for every cash payment made.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Georgia > Title-7 > Chapter-3 > 7-3-18

O.C.G.A. 7-3-18 (2010)
7-3-18. Delivery of copy of contract or itemized statement; receipts

At the time the loan is made, each licensee under this chapter shall deliver to the borrower or, if there are two or more, to one of them a copy of the loan contract or a written itemized statement in the English language showing in clear terms the date and amount of the loan, a schedule of the payments or a description thereof, the type of security for the loan, the licensee's name and address, the actual cash advanced to or on behalf of the borrower, the amount of each class of insurance carried and the premiums paid thereon, and the amount of interest and fees. Each licensee shall give a receipt for every cash payment made.