---
title: O.C.G.A. § 7-1-1104. Written reports; requirements; penalty for failure to comply.
collection: code
id: 7-1-1104
cite_as: O.C.G.A. § 7-1-1104 (2025)
canonical_url: https://georgiacommons.org/code/7-1-1104
md_url: https://georgiacommons.org/code/7-1-1104.md
text_url: https://georgiacommons.org/code/7-1-1104/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=597
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/7-1.md
previous: https://georgiacommons.org/code/7-1-1103.md
next: https://georgiacommons.org/code/7-1-1105.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / FOREIGN BANKING INSTITUTIONS / BANKING BY FOREIGN ENTITIES
---

# O.C.G.A. § 7-1-1104. Written reports; requirements; penalty for failure to comply.

(a) 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) Are in English;

(2) Are submitted at the times and in the form specified by the department;

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

(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) Contain other information that the department requires.

(b) 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.

## History

Code 1981, § 7-1-1104, enacted by Ga. L. 2023, p. 651, § 48/HB 55, effective July 1, 2023.