(a) For purposes of this Code section, the term “relocation” means the location of an existing Georgia state branch or Georgia state agency is to be moved to a new location which is to be constructed, purchased, or leased within the State of Georgia.

(b) A foreign bank shall submit a notification to the department of its intent to relocate an existing Georgia state branch or Georgia state agency no less than 30 days in advance of such relocation. The department may require an application for such relocation if the notification raises supervisory concerns.

(c) At least 30 days before the relocation, a foreign bank shall post a notice to consumers of such proposed relocation in a conspicuous location at the affected Georgia state branch or Georgia state agency and on its website.