In the absence of an agreement to the contrary, interest shall not run until default; hence, where money can be recovered because of mistake or other like reasons, no interest shall run until after demand and
refusal to refund.
O.C.G.A. § 7-4-14
Interest runs from default unless otherwise agreed; when demand necessary
Civil Code 1895, § 2881; Civil Code 1910, § 3431; Code 1933, § 57-107.
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.