HB 523 — Banking and finance; industrial loans; certain distance from military base or installation; prohibit issuance of license to issue
Senate Read and Referred
A BILL to be entitled an Act to amend Chapter 3 of Title 7 of the Official Code of Georgia Annotated, relating to industrial loans, so as to prohibit the issuance of a license to issue industrial loans within a certain distance from a military base or installation; to require certain disclosures related to insurance premiums on industrial loans in certain instances; to prohibit persons engaged in the business of making industrial loans from issuing payment instruments which create a loan contract upon redemption, unless a previous contract has been entered into between the two parties; to provide for related matters; to repeal conflicting laws; and for other purposes.
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