06 AM 34
0090
ADOPTED
Senators
Thompson of the 33rd and Hamrick of the 30th offered the following
amendment:
Amend
the Senate Banking and Financial Institutions Committee substitute to SB 535 by
adding
"(a)"
at the beginning of line 24 on page 1.
By
striking all the matter on line 5 of page 2 and inserting in place thereof the
following:
be
renewed every year.
(b)
In addition to the information already required by subsection (a) of this Code
section,
the following information for the
preceding calendar year shall also be contained in the annual registration:
(1)
The total number of motor vehicle title pawns that were made by the business;
and
(2)
The average length in months of all motor vehicle title pawns by the
business.
(c)
The
Governoŕs
Office of Consumer Affairs shall produce an annual report based on aggregate
information provided by registrations for businesses that offer and make motor
vehicle title pawns from the previous year. The report shall be submitted to
the Governor, Lieutenant Governor, Speaker of the House, each member of the
House Committee on Banks and Banking, and each member of the Senate Banking and
Financial Institutions Committee. The report shall also be made available to
the public. The report shall include but not be limited to the following
information from the previous calendar year:
(1)
The total number of businesses that offer and make motor vehicle title pawns in
Georgia;
(2)
The total number of motor vehicle title pawns made in Georgia;
(3)
The average length in months of all motor vehicle title pawns in Georgia;
and
(4)
The total number of repossessions for motor vehicle title pawns that reached
default."