Provisions Unwaivable; No Penalty or Forfeiture

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  6. Provisions Unwaivable; No Penalty or Forfeiture

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  1. The provisions of this article may not be waived.
  2. No payee who proposes to make a transfer of structured settlement payment rights shall incur any penalty, forfeit any application fee or other payment, or otherwise incur any liability to the proposed transferee based on:
    1. Any failure of such transfer to satisfy the conditions of this article; or
    2. Any failure by the payee to execute the transfer agreement or any cancellation by the payee within the time prescribed in Code Section 51-12-72.

(Code 1981, §51-12-76, enacted by Ga. L. 1999, p. 853, § 1; Ga. L. 2015, p. 1088, § 46/SB 148.)

Code Commission notes.

- Pursuant to Code Section 28-9-5, in 1999, a colon was added at the end of the introductory paragraph of subsection (b).

Editor's notes.

- Ga. L. 2015, p. 1088, § 46/SB 148, effective July 1, 2015, reenacted this Code section without change.


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