Unauthorized Banking Orders
Pursuant to the Financial Institutions Code of Georgia, O.C.G.A. § 7-1-1 et seq., it is unlawful to conduct banking, trust, or credit union business in Georgia without an applicable charter. Further, it is unlawful to use the terms “bank,” “trust” or “credit union,” in any entity’s name without the permission of the Department pursuant to O.C.G.A. § 7-1-243. The publications in this section consist of Orders to Cease and Desist or Orders from the Superior Court issued to persons conducting unauthorized banking activity and/or using restricted terms without permission.
Please note that administrative action searches related to unlicensed mortgage, money service business, or installment lending activity must be conducted via NMLS Consumer Access at https://www.nmlsconsumeraccess.org/.
Orders issued to Unchartered Banks, Credit Unions, and Trust Companies
01-06-2022:
Order to Cease and Desist issued to Cash Finance Bank of Georgia
01-06-2022:
Order to Cease and Desist issued to Norse Financial Bank
01-06-2022:
Order to Cease and Desist issued to Trusteeship Financial Bank
07-22-2021:
Order Granting Default Judgment against Reparations Bank and Ramzu Yunus
04-23-2020:
Order to Cease and Desist issued to Coast Credit Union
04-20-2020:
Order to Cease and Desist issued to Reparations Bank-Ramzu Yunus
11-02-2018:
Order to Cease and Desist issued to Local Bank and Trust Company
11-16-2017:
Order to Cease and Desist issued to Visa Bank
09-27-2017: Order
to Cease and Desist issued to Alfa International Bank
09-07-2017: Order
to Cease and Desist issued to International Treaty Bank