How Do I Update/Amend My Installment Lender Record?
Licensees must keep their records updated in accordance with the laws and rules to ensure that the Department has the most accurate information and to avoid any potential violations. Amendments that must be made with the Department include, but are not limited to, changes in executive officers, ownership, legal name, legal status, address, trade names, and branch changes. Please note that some amendments require prior approval by the Department before they become effective.
APPLICATION and REQUIREMENTS
•All installment lender license amendment filings must be made through the Nationwide Multistate Licensing System & Registry (NMLS). Click HERE to access NMLS.
•Click HERE to access the GA Installment Lender License Amendment Requirements Checklist and GA Installment Lender Branch Amendment Requirements Checklist in NMLS
AMENDMENT APPLICATION FEES
•Addition or Modification of Executive Officers/Control Persons - $500 plus additional NMLS fees
•Addition or Modification of Direct Owners/Indirect Owners - $500 plus additional NMLS fees
•Branch Amendments - $0 plus additional NMLS fees
•Change in Legal Name - $0
•Change in Legal Status - $0
•Change in DBA/Trade Name -$0
•Change in Address Change - $0
•Other Miscellaneous Changes (e.g. Updating Registered Agent, Disclosure Questions, etc.) - $0