does anyone know where i can find the max interest rate a CA can charge in GA. i searched the GA Code but could not find it
On a collection, they can add 7% max, State Law Code 7-4-2. After a judgment, the max is 12%, unless otherwise stated. State Law Code 57-108.
does this section apply to them also ? so it would be 16 % on 3k or less? 2.Where the principal amount involved is $3,000.00 or less, such rate shall not exceed 16 percent per annum simple interest on any loan, advance, or forbearance to enforce the collection of any sum of money unless the loan, advance, or forbearance to enforce the collection of any sum of money is made pursuant to another law.
