Statutes > Georgia Statutes > TITLE 7 - BANKING AND FINANCE > CHAPTER 4 - INTEREST AND USURY > ARTICLE 1 - IN GENERAL > § 7-4-11 - Usury is personal defense; no collection from insolvent to prejudice of others

§ 7-4-11 - Usury is personal defense; no collection from insolvent to prejudice of others

O.C.G.A. 7-4-11 (2010)
7-4-11. Usury is personal defense; no collection from insolvent to prejudice of others


Usury is a personal defense; but a creditor may not collect usurious interest from an insolvent debtor to the prejudice of other creditors.