CRIMES AND OFFENSES Racketeer Influenced and Corrupt Organizations: Allow Class Actions to Be Brought Against Unlicensed Lenders; Include Payday Lending in the Definition of Racketeering Activity; Declare a Legislative Intent to Prohibit Activities Commonly Referred to as Payday Lending, Deferred Presentment Services, or Advance Cash Services; Strengthen and Increase the Criminal and Civil Penalties Therefore; Void Payday Lending Loans; Declare that Forum Selection Clauses in Payday Lending Contracts Are Unenforceable in Georgia; Provide for Civil Remedies of Borrowers; Provide for Civil Penalties; Declare a Tax on Profits from Payday Loans

Authors

Tia MartarellaFollow

Document Type

Peach Sheet

Abstract

The Georgia General Assembly determined that, despite actions by the Attorney General and the Industrial Loan Commission, payday lending continues in the State of Georgia. The Act declares a legislative intent to prohibit payday lending and provides for civil remedies to those borrowers harmed

Recommended Citation

Tia Martarella, CRIMES AND OFFENSES Racketeer Influenced and Corrupt Organizations: Allow Class Actions to Be Brought Against Unlicensed Lenders; Include Payday Lending in the Definition of Racketeering Activity; Declare a Legislative Intent to Prohibit Activities Commonly Referred to as Payday Lending, Deferred Presentment Services, or Advance Cash Services; Strengthen and Increase the Criminal and Civil Penalties Therefore; Void Payday Lending Loans; Declare that Forum Selection Clauses in Payday Lending Contracts Are Unenforceable in Georgia; Provide for Civil Remedies of Borrowers; Provide for Civil Penalties; Declare a Tax on Profits from Payday Loans, 21 Ga. St. U. L. Rev. (2004).
Available at: https://readingroom.law.gsu.edu/gsulr/vol21/iss1/14