---
title: O.C.G.A. § 7-1-681. Licensing requirements.
collection: code
id: 7-1-681
cite_as: O.C.G.A. § 7-1-681 (2025)
canonical_url: https://georgiacommons.org/code/7-1-681
md_url: https://georgiacommons.org/code/7-1-681.md
text_url: https://georgiacommons.org/code/7-1-681/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=407
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.
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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 / MONEY TRANSMISSION
---

# O.C.G.A. § 7-1-681. Licensing requirements.

(a) Pursuant to this article, the department may license a person to engage in money transmission.

(b) No person, regardless of the location of such person, its facilities, or its agents, shall engage in money transmission in this state without having first obtained a license authorizing such activity under this article. This prohibition applies whether or not a person utilizes a branch, subsidiary, affiliate, or agent in this state. A person is deemed to be engaged in money transmission if the person advertises that service, provides that service with or without compensation, solicits to provide that service, or holds itself out as providing that service to or from this state, even if the person has no physical presence in this state.

(c) Every person that directly or indirectly controls another that violates subsection (b) of this Code section, including, but not limited to, each general partner, executive officer, joint venture, ultimate equitable owner, or director of such person, and every person occupying a similar status or performing similar functions as such person violates with and to the same extent as such person. Any person that directly or indirectly controls a person that violates subsection (b) of this Code section may avoid liability if such person sustains the burden of proof that the person did not know and, in the exercise of reasonable care, could not have known of the existence of the facts by reason of which the original violation is alleged to exist.

## History

Code 1981, § 7-1-681, enacted by Ga. L. 2014, p. 251, § 1/HB 982; Ga. L. 2023, p. 651, § 19/HB 55, effective July 1, 2023.

## Amendments

The 2023 amendment, effective July 1, 2023, rewrote this Code section.