Payday lending had been never legal in Georgia. However the penalty for providing payday advances ended up being never ever harsh adequate to deter lenders, nor made it happen supply the police much incentive to enforce regulations.
that every changed in might 2004 when Governor Sonny Perdue finalized into legislation the nationвЂ™s strongest defenses for customers against payday loan providers. Payday loans are short term installment loans that lack conventional barriers such as for instance credit checks and allow borrowers to instead utilize post dated paychecks as collateral. Continue reading