Georgia Loans: What you need to know

No provision of Georgia law prohibits the deduction from an employee's wages of payments on an advance or loan from the employer. However, as with any other payroll deduction (except for taxes, court-ordered deductions for child support or garnishment, or state-owed costs), the employer should obtain a signed authorization from the employee that includes a clear statement of the amount, date, and repayment terms of the loan specifying the amount of the deduction to be taken.
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
If an advance or loan is large (e.g., tuition expenses), it is advisable to obtain a signed promissory note acknowledging receipt of the funds, the amount of the loan, and the person's obligation to repay in addition to the written withholding authorization. Handling such loans with a promissory note will put the employer in a better position to pursue repayment if the employee terminates before completing repayment.
Last reviewed on March 31, 2016.

>> Read more about Loans

More on this topic:

State Requirements

National | Alabama | Arizona | California | Connecticut | Florida | Georgia | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maryland | Massachusetts | Michigan | Minnesota | Missouri | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Tennessee | Texas | Utah | Virginia | Washington | Wisconsin |

Georgia Loans Resources

Loans Products

Wage Payments Webinar Recording
BLR Webinar: "Wage Payments: What You Can and Can’t Legally Deduct from Employees’ Pay""
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!

This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.