--- title: HB 1314. Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency collection: bills id: 2025-2026/hb1314 cite_as: HB 1314, 2025-2026 Regular Session (Ga.) canonical_url: https://georgiacommons.org/bills/2025-2026/hb1314 md_url: https://georgiacommons.org/bills/2025-2026/hb1314.md text_url: https://georgiacommons.org/bills/2025-2026/hb1314/text source_url: https://www.legis.ga.gov/legislation/73204 date: 2026-02-26 status: introduced corpus_version: bills-2026-09-13 license: Public record of the Georgia General Assembly, via LegiScan; see about.md publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice. up: https://georgiacommons.org/bills/2025-2026.md previous: https://georgiacommons.org/bills/2025-2026/hb1313.md next: https://georgiacommons.org/bills/2025-2026/hb1315.md index: https://georgiacommons.org/bills/index.md omitted: votes and history omitted_chars: 185 omitted_url: https://georgiacommons.org/bills/2025-2026/hb1314.md?full=1 bill_number: HB 1314 session: 2025-2026 Regular Session session_slug: 2025-2026 chamber: House bill_type: bill status_date: 2026-02-12 last_action: House Committee Favorably Reported sponsors: - Marvin Lim - Dale Washburn - Jasmine Clark - Carter Barrett text_version: Introduced has_text: true legiscan_url: https://legiscan.com/GA/bill/HB1314/2025 upstream_id: 2116214 summaries_model: claude-sonnet-5 topic_tags: - consumer lending - credit reporting - installment loans - banking regulation --- # HB 1314. Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency ## Text House Bill 1314 By: Representatives Lim of the 98th, Washburn of the 144th, Clark of the 108th, and Barrett of the 24th A BILL TO BE ENTITLED AN ACT To amend Article 2 of Chapter 3 of Title 7 of the Official Code of Georgia Annotated, relating to operating procedures, so as to require licensees to disclose whether a transaction is reportable to a credit reporting agency; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Article 2 of Chapter 3 of Title 7 of the Official Code of Georgia Annotated, relating to operating procedures, is amended by adding a new Code section to read as follows: "7-3-18. Every licensee shall disclose to a borrower whether a loan authorized by this chapter is reportable to a credit reporting agency." SECTION 2. This Act shall become effective on July 1, 2026, and shall apply to all installment loans entered into on or after that date. SECTION 3. All laws and parts of laws in conflict with this Act are repealed. ## Summaries written by Georgia Commons The following was written by claude-sonnet-5 from the text above and is not part of the bill. Quote the text, not the summary. A Georgia House bill would require licensed installment lenders to tell borrowers whether their loan will be reported to a credit reporting agency, starting with loans made on or after July 1, 2026. ### Plain-language summary Georgia law currently regulates installment lenders under Chapter 3 of Title 7 of the Official Code of Georgia Annotated, which covers how licensed lenders must operate. This bill adds a new section to that law requiring every licensee to disclose to a borrower whether the loan they are taking out will be reported to a credit reporting agency, such as one of the major consumer credit bureaus. The disclosure requirement would apply to installment loans made under this licensing chapter. The bill would take effect July 1, 2026, and would apply only to loans entered into on or after that date, meaning existing loans would not be affected. ### What it does - Adds a new Code section (O.C.G.A. § 7-3-18) requiring licensed installment lenders to tell borrowers whether their loan is reportable to a credit reporting agency. - Applies the disclosure requirement specifically to loans authorized under Chapter 3 of Title 7, Georgia's installment loan licensing law. - Sets an effective date of July 1, 2026, and limits the requirement to loans entered into on or after that date. - Repeals any existing state laws that conflict with the new disclosure requirement. ### Who it affects Licensed installment loan companies in Georgia, who must add the new disclosure, and borrowers taking out installment loans from those licensees, who would learn whether their loan payments could affect their credit report. ### Why it matters Borrowers would gain clearer information about whether making or missing loan payments could show up on their credit report, which can affect their ability to get future credit. Lenders would need to update their loan disclosures and processes to comply by the 2026 deadline. ### Key provisions - Section 1 adds new O.C.G.A. § 7-3-18, stating every licensee shall disclose to a borrower whether a loan is reportable to a credit reporting agency. - Section 2 sets the effective date as July 1, 2026, and limits the rule to installment loans entered into on or after that date. - Section 3 repeals any conflicting state laws. ## Status - Status: Introduced (2026-02-12) - Last action: House Committee Favorably Reported (2026-02-26) - Sponsors: Marvin Lim, Dale Washburn, Jasmine Clark, Carter Barrett - Official page: https://www.legis.ga.gov/legislation/73204 > The history, votes, and amendments (185 characters) are at https://georgiacommons.org/bills/2025-2026/hb1314.md?full=1