Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 13. LICENSING OF MORTGAGE LENDERS AND MORTGAGE BROKERS

7-1-1015. Rules relative to escrow accounts.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

The department may promulgate rules with respect to the placement in escrow accounts by any person required to be licensed by this article of any money, fund, deposit, check, or draft entrusted to it by any persons dealing with it as a residential mortgage loan originator, mortgage broker, mortgage lender, or servicer.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 7-1-1015, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2024, p. 354, § 1-32/HB 876, effective July 1, 2024.

Amendments

The 2024 amendment, effective July 1, 2024, deleted “or registered” following “licensed” near the middle of the Code section.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, pages 585 to 586; merge action: carried; file SHA-256 5c69f28428d8.

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