---
title: O.C.G.A. § 7-5-6. Applicability of banking laws.
collection: code
id: 7-5-6
cite_as: O.C.G.A. § 7-5-6 (2025)
canonical_url: https://georgiacommons.org/code/7-5-6
md_url: https://georgiacommons.org/code/7-5-6.md
text_url: https://georgiacommons.org/code/7-5-6/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=787
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 / CREDIT CARDS AND CREDIT CARD BANKS
---

# O.C.G.A. § 7-5-6. Applicability of banking laws.

(a) A credit card bank shall be subject to the provisions of Chapter 1 of this title except when any rights, powers, privileges, or provisions of Chapter 1 of this title are inconsistent with the rights, powers, privileges, provisions, or limitations of this chapter.

(b) A credit card bank shall not be considered a bank for purposes of Part 18 or Part 19 of Article 2 of Chapter 1 of this title; provided, however, that every domestic lender, foreign lender, or holding company owning a credit card bank shall be subject to the provisions of Code Section 7-1-607, which concerns registration, reporting, and examination.

## History

Code 1981, § 7-5-6, enacted by Ga. L. 1987, p. 268, § 1; Ga. L. 1999, p. 674, § 44; Ga. L. 2020, p. 493, § 7/SB 429.