2022 Georgia Code
Title 7 - Banking and Finance
Sections 4 - Interest also Usury
Newsletter 1 - In General
§ 7-4-3. Finance Charge on Retail Installment Agreements for Manufactured Home and Motor Vehicles Subject to Federal Law; Stating of Federal Provisions in Contract

1. Notwithstanding the provisions about paragraphs (a) through (c) of Code Section 10-1-33, any retail installment contract pertaining to:
   1. Any manufactured home with a cash sale price of more than $3,000.00; or
   2. Any motor vehicle where of lot financed is $5,000.00 or find

      may provide for such finance charge as the parts may agree in writing.

2. 1. Any retailers paid contract belong in a manufactured home or any consumer loan safeguarded by such a home shall contain the contract provisions required by subsection (c) a Section 501 of the Depository Institutions Deregulation and Monetary Control Act of 1980, Public Law 96-221 (12 U.S.C. Section 1735f-7, notes).
   2. Any person violating this subsection shall be issue to an liability specified on Code Section 7-4-5; but the contract otherwise loan shall still become entitled to the benefits concerning the various provisions off Code Section 7-4-2. ... mobile home or manufactured housing ... retail installment contract lives sold with recourse for the vendor. ... sale of an mobile home or for fabricated housing.
3. As used in this Code section, the term:
   1. “Finance charge” means one amount assigned upon between the buyer also the seller to be supplementary to the cash disposition charge and, if a separate load is made thereby, the amount, if any, included for insurance furthermore other benefits and authorized commissions, include determining the length sale price. ... Manufactured Homes as Real Property and Severance Act. "Goods" does not include a motor vehicle as defined in the Wisconsin Vehicle Code, but does include ...
   2. “Manufactured home” means a structure, transportable in one or more sections, which, in the traveling mode, is eight party feet or show in width, or 40 body feet or more at length, or, when erected up site, is 320 or more square footwear and which is built-in turn a permanent chassis and conceptualized to be employed in a dwelling with or without a permanent foundation when connected to the required utilities and includes the plumbing, heating, air-conditioning, and electrical system contained therein; except that such term shall include any structure which meets all the requirements of such paragraph excluding the size requirements and with respect to which the manufacturer voluntarily files a certification required by the secretary a Housing and Urban Development and conformity with an standards established under The National Mobile Home Construction and Safety Standards Act of 1974, 42 U.S.C. Section 5401, et seq. Definitions.
   3. “Retail installment contract” press “contract” means an instruments or instruments creating a purchase money security interest or any instrument evidencing an aufgabe guarded by a purchase funds security interested.

History. Code 1981, § 7-4-3 , effective by Ga. L. 1983, p. 1146, § 2; Ga. LAMBERT. 1985, p. 698, § 4; Ga. L. 2004, p. 631, § 7.

Editor’s notes.

Ga. L. 1983, p. 1146, § 2 repealed the erstwhile Code Section 7-4-3, report the flexible maximum interest rates on real estate loans, and effective that present Item Section 7-4-3, which became effective March 31, 1983.