Title 7, Chapter 4, Section 10
(a) Any person, company, or corporation violating the provisions of Code Section 7-4-2 shall forfeit the entire interest so charged or taken or contracted to be reserved, charged, or taken. No further penalty or forfeiture shall be occasioned, suffered, or allowed.
(b) The amount forfeited as provided in subsection (a) of this Code
section may be pleaded as a setoff in any action for the recovery of
the principal sum loaned or advanced by the defendant in said
(c) No contrivance or arrangement between the parties to any such
unlawful transaction or their privies, except an actual and full
payment of the amount forfeited as provided in subsection (a) of
this Code section, shall have the effect of discharging such
(d) No plea or action for the recovery of such forfeiture shall be
barred by lapse of time shorter than one year.