The operational ease of acquiring a no fax Georgia payday loan has led to the creation of a multibillion dollar payday loan industry in Georgia. However, payday lending in Georgia has been made illegal by the enforcement of stringent lending acts by the Government. State licensing and registration has been made mandatory for giving out a payday loan in Georgia, and strict usury limits have been imposed on unlicensed lenders, who cannot charge more than 8% interest on a loan of $3000.
Licensed Payday Lenders
While unlicensed payday lenders are strongly discouraged by the State laws of Georgia with the cap on interest rates and other disclosure rules, licensed payday lenders are authorized to give a no fax Georgia payday loan from $500 to $3000. However, the Federal Truth in Lending Act requires full disclosure of all charges, fees, and interest rates levied on such loans in terms of net APR (Annual Percent Rate). A licensed payd » Read more: No Fax Georgia Payday Loan – Paperless Payday Loan in Georgia
