SB 462 — Banking and Finance; duties, powers, and responsibilities relative to industrial loans from the Industrial Loans Commissioner to Department of Banking and Finance; transfer
Senate Date Signed by Governor
A BILL to be entitled an Act to amend Title 7 of the O.C.G.A., relating to banking and finance, so as to transfer duties, powers, responsibilities, and other authority relative to industrial loans from the Industrial Loan Commissioner to the Department of Banking and Finance; to change the name of such loans to installment loans; to revise a short title; to provide for definitions; to provide for procedures, conditions, and limitations relative to issuing installment loans; to provide for exemptions; to provide for powers and duties relative to the department; to amend the O.C.G.A., so as to conform cross-references; to provide for a purpose; to provide for related matters; to provide for applicability; to repeal conflicting laws; and for other purposes.
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