---
title: O.C.G.A. § 7-3-22. Investigations of applicants; license nontransferable; expiration and annual renewal.
collection: code
id: 7-3-22
cite_as: O.C.G.A. § 7-3-22 (2025)
canonical_url: https://georgiacommons.org/code/7-3-22
md_url: https://georgiacommons.org/code/7-3-22.md
text_url: https://georgiacommons.org/code/7-3-22/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=675
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/7-3.md
previous: https://georgiacommons.org/code/7-3-21.md
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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 / INSTALLMENT LOANS / LICENSING
---

# O.C.G.A. § 7-3-22. Investigations of applicants; license nontransferable; expiration and annual renewal.

(a) The department shall conduct an investigation of every applicant for licensure to determine the financial responsibility, experience, character, general fitness, and eligibility for licensure of such applicant. The department may issue the applicant a license if the department determines to its general satisfaction that:

(1) The applicant is financially sound and responsible and able to engage in the business of making installment loans in an honest, fair, and efficient manner and with the confidence and trust of the community;

(2) Approval of the application will promote the convenience and advantage of the community in which the applicant proposes to operate; and

(3) All conditions for licensure set forth in this chapter and in the rules and regulations of the department have been satisfied.

(b) No license shall be transferable or assignable.

(c) Each license shall expire on December 31 of each year, and application for renewal shall be made annually on or before December 1 of each year.

## History

Code 1981, § 7-3-22, enacted by Ga. L. 2020, p. 156, § 2/SB 462.

## Editor's Notes

Former Code Section 7-3-22, concerning examinations, investigations, and hearings, was repealed by Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020. The former Code section was based on Ga. L. 1904, p. 79, § 8; Civil Code 1910, § 3456; Ga. L. 1920, p. 215, § 10; Code 1933, §§ 25-211, 25-310; Ga. L. 1955, p. 431, § 11; Ga. L. 1963, p. 370, § 3; Ga. L. 1975, p. 393, § 1; Ga. L. 1989, p. 14, § 7.