7-1-1104. Written reports; requirements; penalty for failure to comply.

A foreign bank operating in this state through a Georgia state branch, Georgia state agency, or Georgia state representative office shall make written reports to the department that:#

1. (1)

   Are in English;#

2. (2)

   Are submitted at the times and in the form specified by the department;#

3. (3)

   Are under oath of one of the foreign bank’s officers, managers, or agents located at a branch, agency, or representative office in this state;#

4. (4)

   Show the amount of the foreign bank’s assets and liabilities, expressed in United States currency;#

5. (5)

   With respect to a Georgia state branch or Georgia state agency, show the amount of the branch or agency’s assets and liabilities, expressed in United States currency; and#

6. (6)

   Contain other information that the department requires.#

A license or registration of a foreign bank under this article may be revoked, or the foreign bank may be subject to an order to cease and desist under Code Section 7-1-1108, if the foreign bank fails to make a report required under subsection (a) of this Code section or makes a material misrepresentation in such report.#