---
title: O.C.G.A. § 7-1-701. Licensing requirements.
collection: code
id: 7-1-701
cite_as: O.C.G.A. § 7-1-701 (2025)
canonical_url: https://georgiacommons.org/code/7-1-701
md_url: https://georgiacommons.org/code/7-1-701.md
text_url: https://georgiacommons.org/code/7-1-701/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=441
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/7-1-700.md
next: https://georgiacommons.org/code/7-1-701.1.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 / CASHING OF PAYMENT INSTRUMENTS
---

# O.C.G.A. § 7-1-701. Licensing requirements.

(a) Pursuant to this article, the department may license a person to cash payment instruments.

(b) No person shall cash payment instruments without first obtaining a license under this article.

(c) Every person that directly or indirectly controls another person that violates subsection (b) of this Code section, 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 who directly or indirectly controls a person who 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, § 7-1-701, enacted by Ga. L. 2014, p. 251, § 2/HB 982.