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MALPB Laws and Rules

The Georgia Merchant Acquirer Limited Purpose Bank Act - Title 7, Chapter 9 of the Official Code of Georgia Annotated (O.C.G.A.)

Please note that other Georgia laws, as well as federal laws and regulations, may apply to the activities of MALPBs.  Access to the entire Georgia Code is provided by LexisNexis from the Georgia General Assembly's website. Go to the Official Code of Georgia (O.C.G.A.).  Please note that the O.C.G.A. 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 O.C.G.A. above.

Merchant Acquirer Limited Purpose Bank (MALPB) Rules - The specific rules for MALPBs are located at Chapter 80-12.

December 3, 2013

The following Rules of the Department of Banking and Finance were adopted on December 3, 2013. The new Rules are in response to the enactment of the Georgia Merchant Acquirer Limited Purpose Bank Act, O.C.G.A. § 7-9-1 et seq. The Rules were filed with the Secretary of State on December 3, 2013 and, pursuant to O.C.G.A. § 50-13-6, became effective on December 23, 2013.