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Georgia Law

Laws governing entities regulated by the Department are primarily found in OCGA Title 7. Some of the specific Acts you may want to reference are*:

• Provisions Applicable to the Department of Banking and Finance and Financial Institutions
• Banks, Trust Companies, Bank Holding Companies
• Credit Unions
• International Banking Organizations
• Building and Loan Associations; Savings and Loan Associations
  
  
• Georgia Sale of Checks Act (includes money transmission)
• Regulation of Check Cashers
  
  
• Georgia Residential Mortgage Act (GRMA)
• Georgia Fair Lending Act (GAFLA) - OCGA Chapter 7-6A
  
  
• Georgia Business Development Corporation Act
• Small Minority Business Development Corporations
• Multiparty Accounts
• Criminal and Related Provisions

Other Code Sections of Interest:

• OCGA Title 7, Chapter 3, Georgia Industrial Loan Act (GILA)
• OCGA Title 7, Chapter 4, Interest and Usury
• OCGA Title 7, Chapter 5, Credit Cards and Credit Card Banks
• OCGA Title 7, Chapter 6, Credit or Loan Discrimination
• OCGA Title 7, Chapter 7, Loan Brokers
• OCGA Title 7, Chapter 8, Safe Use of Remote Service Terminals

*NOTE: The Code Sections listed above are provided in Adobe PDF format.

You may also access the above Code Sections, as well as any other Georgia law through LexisNexis from the Georgia General Assembly's website.  Access to the entire Georgia Code is provided by LexisNexis from the Georgia General Assembly's website. Go to the Official Code of Georgia (OCGA).

HINT: Once you enter the OCGA through LexisNexis, click on the TOC link at the top left corner of the page to the view the Table of Contents to easily locate a Title, Article, or Chapter within the OCGA.

**Please note that the OCGA is provided by the State of Georgia from the Georgia General Assembly's website, so you will be leaving the Department's website if you click on the link to LexisNexis or from the General Assembly's website. Please note that changes to OCGA that are brought about by bills passed during the most recent legislative session may not yet be posted.

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Bills of interest passed by the Georgia General Assembly during the most recent legislative session:

 HB 239 - Financial institutions; provide for definitions - Signed by Governor Deal on 5/11/2011; effective 7/1/2011

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 provide for definitions; to provide the Department of Banking and Finance the power to require dissolution of a financial institution; to provide for the effect of failure to maintain five members on a board of directors; to provide for service on a credit committee by a director of a credit union in certain cases; to provide for the payment of a P.O.D. account to an incorporated entity; to provide for penalties for making false statements; to provide that certain attorneys must be licensed to practice law in Georgia; to provide for related matters; to repeal conflicting laws; and for other purposes.

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Other Useful Links (Federal Laws & Regulations):

United States Code (USC)

FDIC Laws, Regulations and Related Acts

NCUA Laws, Regulations, and Legal Opinions

Code of Federal Regulations (CFR)

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