Legislative findings.
Atlanta City Code § 58-100
in effectSec. 58-100. - Legislative findings.
The City Council of the City of Atlanta, Georgia finds:
(1) That citizens from many lower and moderate income neighborhoods in Georgia have been unable to access legitimate financing for home purchases and renovations, allowing predatory lenders to thrive; and
(2) That these predatory lenders are charging exorbitant fees and interest rates and are persuading citizens to incur mortgage debt in excess of their needs or ability to pay often through fraudulent means; and
(3) These predatory lending practices appear to be targeting elderly and vulnerable borrowers; and
(4) That to protect the citizens of Atlanta and its neighborhoods from lending practices which strip hard earned equity from city residents and contribute to the problem of vacant and abandoned houses by making loans that families cannot afford to repay.
(Ord. No. 2001-71, § 1, 9-25-01)
Source: City of Atlanta, Code of Ordinances (Charter and Related Laws, General Ordinances, Land Development Code) (Municode Library, library.municode.com)URL: https://library.municode.com/ga/atlanta/codes/code_of_ordinances?nodeId=PTIICOORENOR_CH58COPR_ARTIVPRLEPR_S58-100LEFIFetched: 10/28/2026