Georgia CommonsComité Banks & Banking de la Cámara de Representantes
Comité Banks & Banking de la Cámara de Representantes, 26 de febrero de 2026
2025-2026 Regular Session · 403 CAP · 29 min
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Resumen
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El comité aprobó un cambio a HB 1112 que permite a los clientes pagar el monto exacto con monedas de un centavo en lugar de que se redondee una compra en efectivo. El comité también consideró HB 1314, que exigiría a ciertos prestamistas informar a los prestatarios si un préstamo puede reportarse a una agencia de informes crediticios. Los miembros discutieron la capacidad de elección de los consumidores y los posibles costos y cargas para los prestamistas de préstamos pequeños. Una moción para aprobar recibió apoyo audible en una votación a viva voz, sin que se escuchara oposición, y la presidencia dio por terminada la reunión sin anunciar explícitamente el resultado.
Proyectos de ley tratados (2)
Cada relato abarca el tramo de la reunión que indica. El número del proyecto de ley se dice en ese tramo, salvo cuando era el único proyecto en la agenda de un comité.
HB 1112. Commerce and trade; rounding of total price of sale of goods or services when using legal tender; provide
Desde 0:20:20 · turnos 4 a 14
El promotor presentó un cambio a la versión aprobada previamente por el comité. El promotor explicó que el proyecto de ley redondea las compras en efectivo hacia arriba o hacia abajo al múltiplo de cinco centavos más cercano, pero que el texto añadido exigiría a los comerciantes aceptar el pago exacto antes de redondear mientras las monedas de un centavo sigan siendo de curso legal. El promotor dijo que esto atendería las preocupaciones sobre la pérdida de centavos de los clientes debido al redondeo. Tras una moción y el respaldo de otro miembro, el comité aprobó el cambio mediante una votación a viva voz. No se indicó el recuento de votos.
HB 1314. Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency
Desde 0:22:11 · turnos 20 a 83
El promotor dijo que el proyecto de ley exigiría a los titulares de licencias conforme a la Georgia Installment Lending Act informar si un préstamo puede reportarse a una agencia de informes crediticios, sin exigir que se reporte ni establecer un formato para la divulgación. El promotor dijo que los préstamos de compra ahora y paga después inspiraron la propuesta, que la mayoría de esos préstamos eran de menos de $3,000 y que unos 15 titulares de licencias los ofrecían. El promotor dijo que la mayoría de los prestamistas no reportaban, que los consumidores a menudo no sabían si se reportaba y que la ley federal no exigía esta divulgación. Ante una pregunta sobre los prestamistas que otorgan préstamos con garantía del título de un vehículo, el promotor dijo que no estaban incluidos. Un miembro cuestionó la imposición de más cargas y advirtió que los costos podrían trasladarse a los prestatarios. El promotor dijo que la mayoría de los prestamistas que reportan probablemente ya divulgan esa práctica, aunque esto no era seguro. Ante una pregunta sobre los costos de reportar, el promotor reconoció que había costos administrativos, pero no sabía a cuánto ascendían. Otro miembro describió esos costos como pequeños y apoyó la divulgación porque ayudaría a los prestatarios a elegir entre crear un historial crediticio o evitar que se reporte. Tras una moción y el respaldo de otro miembro, los miembros expresaron su apoyo, sin que se escuchara oposición. La presidencia dio por terminada la reunión sin anunciar explícitamente si la moción había sido aprobada.
Transcripción
87 turnos. Seleccione un tiempo para reproducir ese momento del video.
- 0:19:20
Good morning, good morning, everybody. Um, hopefully we can get in and get out. I know everybody needs to be in about three places at one time. At this time, I'm gonna open up and I'm gonna ask, um, Chairman Dickey if he'll give us a little prayer. Let's pray. Our Father, we thank you for this, uh, morning together. We ask your, uh, blessings on us t- today. Keep us safe. Um, we just ask you to give us wisdom and patience today as we, uh, pass bills for the people of this state.
- 0:19:52
And just, uh, thank you for, uh, all the many blessings you give us each and every day. In Christ's name I pray. Amen. Amen. Thank you. Uh, praying for patience, I certainly need that, um. At this time, Representative Barrett has one change he needs to make to a bill that we passed out last week. And if you wanna in, just hit that highlight of that change, and we can get on going.
- 0:20:16
Thank you, Mr. Chairman. Uh, lines 34 and 35.
- 0:20:20
One second.
- 0:20:20
This is LC 620428S. We've added, uh, lines 34 and 35, that one sentence, "While the one cent, uh, one cent piece of the United States remains legal tender, any merchant shall accept exact payment and legal tender for the total amount due, computed prior to any rounding." In other words, the bill we passed, technically you round up, you round down to the nearest nickel, but for the, the, the person that shows up and they have exact change, pennies, you can't round.
- 0:20:51
They can use their pennies. B- And that's gonna dial down a lot of angst of, "Well, I, I don't want you rounding and taking my extra pennies."
- 0:20:58
So you're wanting to make it simple as possible when we get it to the other side, is what you're telling me?
- 0:21:03
Yeah, you round up, round down, but if you have exact change-
- 0:21:05
Exact, then you're good
- 0:21:06
... you don't round it. You're done.
- 0:21:07
Okay. Okay. Well, good. To the proper. At the proper time. I think it's the proper time. Yes.
- 0:21:13
I make, I make a motion.
- 0:21:15
So we have a motion. Second. We have a second. Any questions or any more discussions? All in favor say aye. Aye.
- 0:21:21
Aye.
- 0:21:22
All opposed? You got your bill. Thank you. Mr. Lim?
- 0:21:29
Yes, sir. Well, good morning. Glad y'all could be here. 'Cause I'm off camera. Yeah, yeah. Thank, thank y'all, thank y'all for making it. I know we have to be in three places at... We have to be in three places at once. Yeah, yeah. You didn't name me nowhere. After I ran all the way here, paid $60 for an Uber, you don't even really name me?
- 0:21:50
When you're late, you gotta pay your due, huh?
- 0:21:53
Where are you going? I would love for you...
- 0:21:56
Committee meeting.
- 0:21:57
Thank, thank you, Mr. Ridley, for, for making it. I mean, God. All right, Mr.- No bill. I'll be back. All right. Marvin, the floor is yours.
- 0:22:06
Thank you, Mr. Chair. Thank you, Committee. I will keep this brief. So I'm here to present HB 1314. We're working off of LC 620237. This bill would ensure that licensees under GILA, the Georgia Installment Lending Act, disclose to a borrower whether a loan is reportable to a credit reporting agency. This bill is designed to provide just some additional consumer transparency. Its primary inspiration has been, um, buy now, pay later loans, which as you may know, is a unique financing vehicle that provides at the point of sale in a short-term a loan, allowing consumers to make interest-free installment payments, including for smaller purchases.
- 0:22:45
Uh, I was very fortunate to be able to engage with then Commissioner Hagler on this issue all the way back in 2022. He's been updating me, and more recently with Commissioner Fears. And what I've learned from what they've told me is to our collective knowledge, not all, but most BNPL loans are under $3,000, which means they fall under GILA, which has about 15 or so licensees that offer these products. What we also know is that most lenders, um, are not reporting loan obligations to credit reporting agencies, but that some are because they want to market the fact that timely repayment builds credit, which I think is a great thing.
- 0:23:19
We also believe that most consumers are not aware of whether such loan obligations are or are not being reported to credit reporting agencies, and you may know, and I assume this committee knows, that it's not required to disclose it by the federal Fair Credit Reporting Act. It's not taking a position, to be clear, on whether these should be reported or not. It's just simply saying, if you're going to do that, just simply disclose it to the consumer. So it's a very small but potentially significant measure of transparency. With that, I'm happy to answer any questions.
- 0:23:45
All right, sir. Uh, number eight. Is that over here? I have no idea. I c- I can't...
- 0:23:53
That's over here. This is... You know this.
- 0:23:54
Oh, okay. I'm, I'm, I'm trying to push mine, but let's see.
- 0:24:00
Mine too. Here we go. Thank you. I'm very familiar with GILA, and most of their loans are 350 to $750, and I carried a lot of legislation for them. However, TitleMax or TitlePawn we didn't put in this bill. Or, are they?
- 0:24:17
They weren't. They're not.
- 0:24:18
Okay. And with it, your main thing that I, I missed, I'm sorry, I've been sitting at 15 red lights with people on cell phones, so, uh, a little frustrated. But, um, you're saying that where... What's the problem? L- l- line 27, or what are we trying to correct here? No, so it's not this one. Thank you. Okay.
- 0:24:40
I, I-
- 0:24:41
So which one? What are we trying to do? Every licensed disclosure of borrower? I just wanna-
- 0:24:45
Yeah, absolutely
- 0:24:46
... hear that again. There's only, there are only 14 lines. Right, and I apologize for just pulling this up. Oh, okay, okay, gotcha, okay.
- 0:24:51
Uh, yes, it's, it's simply stating that under, uh, under GILA if, if a loan that you're making is reportable to a credit reporting agency, you just tell the consumer that, that-
- 0:24:59
Oh, okay
- 0:25:00
... yeah.
- 0:25:00
Thank you. Could you repeat that one more time? I didn't hear you.
- 0:25:03
Yes. Under the Georgia Installment Lending Act, if you are, if you're making a loan and it's reportable to a credit rating agency, that you'd simply tell the consumer that it is in fact reportable.
- 0:25:14
They're not doing that now?
- 0:25:16
I, s- so I think b- So to be clear, most are, are not reporting. To the extent that they are reporting, we believe that most of them already are. So to them, it wouldn't be an additional burden. We could not make absolutely sure, but we believe that most of them already are doing it.
- 0:25:33
I'd just hate to add more to their bucket list, you know?
- 0:25:36
Understood.
- 0:25:39
Any more questions? Let's see, number three.
- 0:25:43
Thank you, Mr. Chairman. What would make a loan not reportable? It- it's simply their choice. Of course. The ... Exactly, the lenders. Thank you. And I, I wanna be clear that this is ... I think it's a great thing that some of them are, because they're attempting to build credit. It's just the fact that, again, there's this mix of some are, some aren't. So just telling people would just make that a little bit clearer.
- 0:26:05
Let's see, number eight. Yep. Is there a cost? Is there a cost for them to report it to credit agencies?
- 0:26:11
Uh, there is some administrative cost to report to a credit rating agency, yes. And, and to be clear, that that's true for everyone that reports to credit rating agencies. I'm not entirely sure at this point what those costs are, but there is some administrative cost, yes.
- 0:26:25
Okay. For like software or whatever it is that they, however they upload it?
- 0:26:28
Cor- correct, yeah.
- 0:26:29
Okay. Thank you. All right.
- 0:26:32
It's not very expensive.
- 0:26:33
Representative Wade, do you have any-
- 0:26:35
They're gonna pass it on.
- 0:26:36
On the banker side, do y'all ...
- 0:26:37
It's not very expensive. I mean, I ... Make sure I understand the intent of the bill. It's ... All you're saying is you want them, if they are reporting, to disclose to the borrower that they are reporting.
- 0:26:50
Correct.
- 0:26:50
That's it.
- 0:26:50
Correct.
- 0:26:50
You're not mandating anybody report or not report.
- 0:26:53
Correct. Nor are we to, uh, Chairman Hawkins point, nor are we saying, "This is how you must do it." Um, it could just be in, in a simple line in there.
- 0:27:01
And I, I'll say this. There are certain borrowers and certain, you know, situations, they may actually make a decision not to borrow from one of these lenders-
- 0:27:13
Once they hear
- 0:27:14
... until disclosed.
- 0:27:15
Okay.
- 0:27:15
And then there are others that are trying to earnestly build credit that want to find somebody that is disclosing so they can build their credit. I, I think it's a, a good measure. I don't think it's gonna be burdensome.
- 0:27:27
All right. So at the proper time.
- 0:27:29
Motion to pass.
- 0:27:29
Oh, I, I just want to ask one more question.
- 0:27:30
Oh, I'm sorry. Okay. Question.
- 0:27:32
I wanna make sure that we're not hurting those lenders that are doing the small loans that really help people that, who cannot find a loan anywhere else.
- 0:27:40
Right. It's not hurting them.
- 0:27:41
We're not hurting them anyway.
- 0:27:42
But they're gonna charge, they're gonna charge. If there's a charge, it will go to whoever's borrowing the money. They're gonna pass it on.
- 0:27:48
It, it's very, very small.
- 0:27:49
But it will, it will happen. Carried legislation that I understand that, yeah.
- 0:27:53
I understand, but they don't have to do it.
- 0:27:54
No, no. I understand that.
- 0:27:55
Not have to.
- 0:27:56
Not if there is.
- 0:27:56
Yeah.
- 0:27:56
I just think we're overkilling a little.
- 0:28:00
Correct.
- 0:28:02
We have a, uh, motion and we- Second. We have a second. Do we have any more discussion? Thank you. Listen, uh, all in favor say aye.
- 0:28:10
Aye.
- 0:28:10
All opposed. Thank y'all for being here. I know we were all jumping up and down, but y'all get to your meetings. That's it. We're done.
- 0:28:18
Yeah, I wanna go do the other one.
- 0:28:19
Hey, Will,
- 0:28:29
did you present your bill?