A BILL to be entitled an Act to amend Chapter 1 of Title 7 of the Official Code of Georgia Annotated, relating to financial institutions, so as to update definitions; to provide for penalties for failure to provide requested information by financial institutions; to include bank holding companies in the definition of financial institutions; to include credit unions in restricted nomenclature; to broaden the definition of legal lending limit; to provide for payment of dividends by Subchapter S banks; to change the amount of par value; to provide for the investigative powers of the Department of Banking and Finance; to provide for immunity from civil liability for proper disclosure of information; to provide for an effective date; to repeal conflicting laws; and for other purposes.
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