What is the maximum interest rate allowed by law in Georgia?

7% per year

Legal Maximum Rate of Interest 7% per year when rate not specified; higher than 7% must be in writing; maximum 16% where principal is $3000 or less; no limit on rate if loan is between $3000 and $250,000 and must be in simple interest in written contract (§7-4-2)
Exceptions Small industrial loans (§7-3-14)

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