HB 143 — Financial institutions; provide for definitions; provisions
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; to amend Code Section 13-1-15 of the Official Code of Georgia Annotated, relating to the charging of convenience fees by a lender or merchant, so as to allow for such fees on loans made pursuant to Chapter 1 of Title 7; to amend Chapter 12 of Title 53 of the Official Code of Georgia Annotated, relating to trusts, so as to revise a definition; to provide for the authority of a foreign entity to act in a fiduciary capacity; to prohibit the establishment of a place of business by a foreign entity acting as a fiduciary not transacting business in the state; to provide for a filing statement with the Secretary of State and appointment of an agent for service by a foreign entity; to provide for effective dates; to provide for related matters; to repeal conflicting laws; and for other purposes.
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