Introduction and Service Overview
Lending money always involves risks, especially when it comes to large sums and relationships between private individuals. For a creditor (lender), it is vitally important that in the event of default, the debt recovery process is fast, effective, and cost-efficient. Traditional court litigation can drag on for years, leading to the devaluation of money and additional stress. That is precisely why Georgian legislation provides a unique opportunity: the enforcement of a loan agreement executed by a notary, bypassing the court entirely. This mechanism means that when concluding a loan agreement, the parties go to a notary and explicitly include a clause regarding forced enforcement. If the debtor breaches the payment deadlines, the creditor can directly request a writ of execution from the notary themselves and initiate forced enforcement.
This service is a legal shortcut that saves the creditor time and energy. It combines contract drafting, notarization, the warning procedure, and finally, initiating the case at the enforcement bureau. Despite its apparent simplicity, this process requires strict procedural precision—even a slight deviation from the warning rules or contract terms can become a reason for the notary to refuse to issue the writ of execution, or for the debtor to later appeal and suspend the process in court.