Small Loans Under Georgia Laws

Contrary to the legislative intent suggested by the title to Chapter 25-3 of the Code, virtually all small loans ($300 or less) in Georgia are made under other laws. What was intended to be a statute providing real protection to members of the working class - generally those who, because of limited education and insecure economic circumstances, are the most likely victims of unconscionable money lenders - has induced legitimate lenders to operate under less stringent laws.