SB 545 - Pawnbrokers; provide for different treatment of title pawn transactions; change definitions; reductions in interest/fees; notice

Sponsored By

• (1) Fort,Vincent 39th
• (2) Orrock,Nan 36th

Committees

• SC:B&FI
• HC:

Current Status

First Reader Summary

A BILL to be entitled an Act to amend Article 1 of Chapter 4 of Title 7 of the Official Code of Georgia Annotated, relating to interest and usury generally, so as to include title pawn transactions; to amend Title 44 of the Official Code of Georgia Annotated, relating to property, so as to change the laws relating to pawnbrokers; to change definitions; to provide for different treatment of title pawn transactions; to provide for reductions in interest and fees for title pawn transactions; to provide for notice; to provide for criminal and civil penalties; to change provisions relating to pawnbrokers' liens; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Status History

Versions

1. As introduced LC 34 1739