Statutes > Georgia Statutes > TITLE 7 - BANKING AND FINANCE > CHAPTER 4 - INTEREST AND USURY > ARTICLE 1 - IN GENERAL > § 7-4-14 - Interest runs from default unless otherwise agreed; when demand necessary

§ 7-4-14 - Interest runs from default unless otherwise agreed; when demand necessary

O.C.G.A. 7-4-14 (2010)
7-4-14. Interest runs from default unless otherwise agreed; when demand necessary


In the absence of an agreement to the contrary, interest shall not run until default; hence, where money can be recovered because of mistake or other like reasons, no interest shall run until after demand and refusal to refund.