HB 891 — Banking and finance; financial institutions; provide for numerous updates
House Date Signed by Governor
A BILL to be entitled an Act to amend Chapter 1 of Title 7 of the O.C.G.A., relating to financial institutions, so as to provide for numerous updates; to amend Chapter 3 of Title 7 of the O.C.G.A., relating to installment loans, so as to include servicing of installment loans to the activity regulated under the chapter; to exempt from regulation certain government entities and certain retail and credit transactions; to change the per loan fee structure for such loans; to clarify that the department may issue cease and desist orders to persons that are not licensed; to amend Chapter 6A of Title 7 of the O.C.G.A., relating to the "Georgia Fair Lending Act," so as to update a citation to a federal regulation; to make conforming changes; to provide for definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.
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