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#1
12-27-2008, 06:56 AM
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Join Date: Dec 2008
Posts: 1
Credits: 50
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Sub:
Georgia law in regard to out of state payday loan
I am a Georgia resident
I obtained a payday loan at a store in Alabama (the money store) they nsf'd my bank 3 times now threatining legal action, recieved summons from Alabama small claims court Are Georgia residents protected from out of state lenders if the loan was made in Alabama at a storefront?????? I have heard various opinions but need facts before I go to court, or dont go to court. Thanks. 
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#2
12-27-2008, 07:12 AM
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Sub:
I'm not certain about this but I am going to direct this to someone who does. Keep checking back.
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#3
12-27-2008, 01:34 PM
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Member
Join Date: May 2007
Posts: 491
Credits: 19
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Sub:
Crossing a state line to get a loan subjects you to the laws of the lenders state. The recent appeals court decision in Quik Payday makes it clear that "something" has to happen in your state - other than the mere fact that you live there - for your state's laws to apply. In that case, the appeals court used the hypothetical of a Kansas resident that works in Missouri getting an internet loan from their work computer instead of their home computer. They said that if a Missouri computer was used Kansas law wouldn't apply. (They didn't say whether Missouri law or the lender's state law would apply.)
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