Georgia § 7-3-13 - Licensee's compliance when purchasing notes and other documents.
Full text of Georgia Official Code of Georgia Annotated § 7-3-13 — Licensee's compliance when purchasing notes and other documents., with citation guidance and answers to common questions.
§ 7-3-13. Licensee's compliance when purchasing notes and other documents.
If a licensee purchases or receives by transfer or assignment any note, bill of sale to secure debt, title retention contract, conditional sales contract, or any other similar contract that would otherwise be governed by this chapter, the licensee shall comply with the provisions of this chapter when making a loan for the purpose of paying off all or any part of such instrument. (Ga. L. 1964, p. 288, § 7; Code 1981, § 7-3-16 ; Code 1981, § 7-3-13 , as redesignated by Ga. L. 2020, p. 156, § 2/SB 462.) The 2020 amendment, effective June 30, 2020, redesignated former Code Section 7-3-16 as present Code Section 7-3-13, and substituted "If a licensee purchases or receives by transfer or assignment" for "No loan shall be made by any licensee for the purpose of paying all or any part of the amount owed on" and "that would otherwise be governed by this chapter, the licensee shall comply with the provisions of this chapter when making a loan for the purpose of paying off all or any part of such instrument" for "which has been purchased by or assigned or transferred to such licensee for a period of at least 90 days from the date of such purchase or transfer". See Editor's notes at the beginning of this chapter for applicability. Editor's notes. - Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020, redesignated former Code Section 7-3-13 as present Code Section 7-3-10.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-3-13
What does Official Code of Georgia Annotated § 7-3-13 cover?
Section 7-3-13 ("Licensee's compliance when purchasing notes and other documents.") 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 § 7-3-13?
A common citation format is "Official Code of Georgia Annotated § 7-3-13" (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 § 7-3-13 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.