Traditional installment loan companies, authorization, definitions
Conventional installment loan companies, authorization, definitions
Analysis by Keyword or Citation
1. Any installment this is certainly lender that is traditional under components 367.100 to 367.200 or part 408.510 will oftimes be permitted to make loans and price costs and interest as authorized under components 408.100, 408.140, and 408.170.
2. No charter supply, ordinance, guideline, purchase, permit, policy, guideline, or every other federal government action of each and every government subdivision for their state, municipality, city, county, or any agency, authority, board, repayment, unit, or officer thereof shall:
(1) Prevent payday loans Georgia, restrict, or discourage installment that’s old-fashioned financial institutions from lending under parts 408.100, 408.140, and 408.170;
(2) restrict, restrict, or discourage traditional installment loan financial institutions from operating in nearly every location where any loan company who makes loans payable in equal installments over more than 90 days is permitted; or