Georgia § 18-5-2 - Debt adjusting permitted.
Full text of Georgia Official Code of Georgia Annotated § 18-5-2 — Debt adjusting permitted., with citation guidance and answers to common questions.
§ 18-5-2. Debt adjusting permitted.
In the course of engaging in debt adjusting, it shall be unlawful for any person to accept from a debtor who resides in this state, either directly or indirectly, any charge, fee, contribution, or combination thereof in an amount in excess of 7.5 percent of the amount paid monthly by such debtor to such person for distribution to creditors of such debtor; provided, however, no provision of this chapter shall prohibit any person, in the course of engaging in debt adjusting, from imposing upon a debtor who resides in this state a reasonable and separate charge or fee for insufficient funds transactions. (Ga. L. 1956, p. 797, § 2; Ga. L. 2003, p. 392, § 2; Ga. L. 2015, p. 1088, § 18/SB 148.)
Frequently Asked Questions About Georgia § 18-5-2
What does Official Code of Georgia Annotated § 18-5-2 cover?
Section 18-5-2 ("Debt adjusting permitted.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 18-5-2?
A common citation format is "Official Code of Georgia Annotated § 18-5-2" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 18-5-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.