Georgia Commons

Title 7. BANKING AND FINANCE

Chapter 3. INSTALLMENT LOANS

34 sections · 7-3-1 to 7-3-52

Article 1. GENERAL PROVISIONS

  1. 7-3-1Short title.
  2. 7-3-2Transfer to Department of Banking and Finance.
  3. 7-3-3Definitions.
  4. 7-3-4Licensing requirement; exemptions.

Article 2. OPERATING PROCEDURES

  1. 7-3-10False advertising prohibited.
  2. 7-3-11Maximum loan amount, period, and charges; deferments.
  3. 7-3-12Limitation on further charges.
  4. 7-3-13Licensee’s compliance when purchasing notes and other documents.
  5. 7-3-14Payment before maturity; refund of prepaid interest; continuing insurance.
  6. 7-3-15Delivery of copy of contract or itemized statement; receipts.
  7. 7-3-16Additional loan fees; interest; penalties.
  8. 7-3-17Closing fees; refund or credit; pro rata basis.
  9. 7-3-18Tax on interest — Penalties for late or fraudulent tax payments.Repealed

Article 3. LICENSING

  1. 7-3-20Application requirements and procedure.
  2. 7-3-21Bond requirements.
  3. 7-3-22Investigations of applicants; license nontransferable; expiration and annual renewal.
  4. 7-3-23Use of Nationwide Multistate Licensing System and Registry.

Article 4. OBLIGATIONS OF LICENSEES

  1. 7-3-30Requirements of licensees; maintenance of records.
  2. 7-3-31Notification requirements.
  3. 7-3-32Locations; managers; change in control; approval of department.
  4. 7-3-33Unreasonable collection tactics.

Article 5. REGULATION BY DEPARTMENT

  1. 7-3-40Investigations and examinations; payment of fees; cooperation by licensee.
  2. 7-3-41Subpoena powers and procedures.
  3. 7-3-42Background check requirements and procedure.
  4. 7-3-43Grounds for denial, suspension, and revocation of license.
  5. 7-3-44Denial, suspension, and revocation of license; notice; hearings; review; effect.
  6. 7-3-45Cease and desist orders; hearings; review.
  7. 7-3-46Failure to comply with order; civil action; penalties.
  8. 7-3-47Confidentiality; disclosure limitations.
  9. 7-3-48Civil liability limited for providing information.
  10. 7-3-49Code Section 7-4-4 not repealed.
  11. 7-3-50Violations; criminal penalties; civil actions; liability.
  12. 7-3-51Rules and regulations.
  13. 7-3-52Limited continuation of licenses.