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:
<ins>"7-3-18.
Every licensee shall disclose to a borrower whether a loan authorized by this chapter is
reportable to a credit reporting agency."
</ins> 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All laws and parts of laws in conflict with this Act are repealed.