Section 51-12-76. Provisions unwaivable; no penalty or forfeiture

   (a) The provisions of this article may not be waived.

(b) 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.