Pursuant to the provisions of the Georgia Administrative Procedure Act, O.C.G.A. § 50-13-1 et seq., and by the authority of O.C.G.A. §§ 7-9-3, 7-9-12, and other cited statutes, the Department of Banking and Finance hereby gives notice of its intent to adopt new rules.
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. A synopsis and purpose precedes the proposed rules.
Comments to the Department of Banking and Finance must be received by the close of business on Monday, September 9, 2013. Please send all comments to:
Kevin Hagler, Commissioner
Georgia Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Fax: (770) 986-1654 or 1655
The Department shall review all comments, may contact commenters to discuss their suggestions, and, after the comment period has closed, intends on promulgating the final rules. The Department will consider the proposed new rules for adoption at a meeting at 2:00 p.m. on Friday, September 13, 2013, at the offices of the Department of Banking and Finance at Suite 200, 2990 Brandywine Road, Atlanta, Georgia 30341.
Notice and a copy of the final rules adopted will be e-mailed to persons who have made a special request. Other interested parties may receive a copy of the final rule by contacting the Department at (770) 986-1633, after Friday, September 13, 2013.