Georgia General Assembly · Full text

HB 1314: Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency

Introduced version, the latest LegiScan holds · Last action February 26, 2026 · Introduced

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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All laws and parts of laws in conflict with this Act are repealed.