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.
Saliba, George E.
"Small Loans Under Georgia Laws,"
Mercer Law Review: Vol. 3:
2, Article 2.
Available at: https://digitalcommons.law.mercer.edu/jour_mlr/vol3/iss2/2