Georgia § 20-3-518 - 5. Contract; cancellation.
Full text of Georgia Official Code of Georgia Annotated § 20-3-518 — 5. Contract; cancellation., with citation guidance and answers to common questions.
§ 20-3-518. 5. Contract; cancellation.
Each applicant before being granted a loan purchase shall enter into a contract with the board agreeing to the terms and conditions upon which the loan purchase is granted, including such terms and provisions as will carry out the full purpose and intent of this part. The form of such contract shall be prepared and approved by the Attorney General, and each contract shall be signed by the chairperson of the board and by the applicant. The board shall have the authority to cancel the loan purchase contract of any applicant at any time for any cause deemed sufficient by the board, provided that such authority shall not be arbitrarily or unreasonably exercised. (Code 1981, § 20-3-518.5 , enacted by Ga. L. 2011, p. 333, § 2/HB 60.)
Frequently Asked Questions About Georgia § 20-3-518
What does Official Code of Georgia Annotated § 20-3-518 cover?
Section 20-3-518 ("5. Contract; cancellation.") 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 § 20-3-518?
A common citation format is "Official Code of Georgia Annotated § 20-3-518" (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 § 20-3-518 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.