The defendants’ very very very first argument against Georgia’s attempted legislation had been that the Payday

Date: October 31, 2020 | Category: 30 Day Payday Loan

The defendants’ very very very first argument against Georgia’s attempted legislation had been that the Payday

Supreme Court of Georgia Rules Against Payday Lenders

On October 31, 2016, the Supreme Court of Georgia issued an extended opinion governing against payday loan providers in 2 situations consolidated on appeal. The 2 instances (Western Sky Financial, LLC v. State of Georgia, No. S16A1011 and State of Georgia v. Western Sky Financial, LLC, No. S16X1012) included state legislation of tribal affiliated, out-of-state lenders that are payday offered loans to Georgia residents telephonically and on the internet. On appeal, the Supreme Court of Georgia considered range dilemmas including perhaps the state could sue loan providers involved with interstate business underneath the state’s Payday Lending Act (OCGA 16-17-1 through 16-17-10); whether agreements created in another state had been susceptible to that legislation; and whether tribal sovereignty precluded the law’s enforcement.

Read More

Categories