Ca. and NV Payday Loans for Ga. Resident

[spoon2001]

I am a georgia resident who has multiple payday loans out in Nevada and California. Is it legal for these places to give a Georgia resident with Georgia drivers license payday loans. Payday loans are illegal in Georgia.

 

[jacksgal]

Now after you havent paid you want to worry about that!? They can turn these checks over to DA for prosecution in which case you could have warrants out in both states with possible felony charges

 

[spoon2001]

I didn't say they weren't paid. Also, you cannot be prosecuted for payday loan checks. It is the law.

 

[jacksgal]

If they are paid for why are we having this discussion?

 

[spoon2001]

Because this is thelaw.com. I asked a question about the legality of the situation. Since it is a "Law" website I thought that I could possibly get some insight. They are being rolled over frequently. They have never been late, however I thought that I may ask the question. Thanks

 

[spoon2001]

Well, In part the discussion is because this is a law forum. The payday loans have never been late and are constantly being rolled over. I thought I could get some input on the legality of the situation. It is just a question and since it was a "legal" question I thought I would post it here to get some insight. That's all. Thanks

 

[jacksgal]

Lets put it this way whether they were legally done or not will not change fact that the loans will have to be repaid

 

[CdwJava]

I am a georgia resident who has multiple payday loans out in Nevada and California. Is it legal for these places to give a Georgia resident with Georgia drivers license payday loans. Payday loans are illegal in Georgia.

You can make arrangements with a private party for almost whatever terms you wish. If they want to give you a loan or an advance based upon a crayon note, they can. The laws cover some aspects of these loans such as interest and terms, but I know of no law that prevents someone from making an advance because they have an out of state ID.

- Carl

 

[jharris352]

You are correct about the checks they have as collateral, they can't get a warrant for a bad check on them.

I too am in Georgia by the way.

The loans however are perfectly legal. You made them in a jurisdiction where they are allowed so their state laws apply. If you made them online (I don't even know if you can do such things) they would be originated in the State that you agreed to in the contract (likely theirs).

As I'm sure you know, these loans are very expensive and a very bad thing for you to do. I hope you can pay them off sooner rather than later.