Georgia § 18-5-3 - Exemption for debt adjustment by certain individuals or entities.
Full text of Georgia Official Code of Georgia Annotated § 18-5-3 — Exemption for debt adjustment by certain individuals or entities., with citation guidance and answers to common questions.
§ 18-5-3. Exemption for debt adjustment by certain individuals or entities.
Nothing in this chapter shall apply to those situations involving debt adjusting incurred in the practice of law in this state. Nothing in this chapter shall apply to those persons or entities who incidentally engage in debt adjustment to adjust the indebtedness owed to said person or entity. Nothing in this chapter shall apply to the following entities or their subsidiaries: the Federal National Mortgage Association; the Federal Home Loan Mortgage Corporation; a bank, bank holding company, trust company, savings and loan association, credit union, credit card bank, or savings bank that is regulated and supervised by the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, or the Georgia Department of Banking and Finance; or persons as defined in Code Section 7-3-3 operating under Chapter 3 of Title 7, the "Georgia Installment Loan Act." (Ga. L. 1956, p. 797, § 4; Ga. L. 2003, p. 392, § 3; Ga. L. 2015, p. 5, § 18/HB 90; Ga. L. 2015, p. 1088, § 18/SB 148; Ga. L. 2020, p. 156, § 9/SB 462.) The 2020 amendment, effective June 30, 2020, substituted "Georgia Installment Loan Act" for "Georgia Industrial Loan Act" at the end of the Code section.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 18-5-3
What does Official Code of Georgia Annotated § 18-5-3 cover?
Section 18-5-3 ("Exemption for debt adjustment by certain individuals or entities.") 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 § 18-5-3?
A common citation format is "Official Code of Georgia Annotated § 18-5-3" (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 § 18-5-3 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.