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Georgia General Assembly > Legislation
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2007-2008 Regular Session - HB 663
Basic Credit Opportunity Act of 2007; enact
Sponsored By
First Reader Summary
A BILL to be entitled an Act to amend Title 7 of the O.C.G.A., relating to banking and finance, so as to enact the "Basic Credit Opportunity Act of 2007"; to provide for findings of the General Assembly; to provide for a short title; to provide for purposes; to provide for definitions; to provide for licensing of lenders by the Department of Banking and Finance; to provide for penalties for violations; to provide for fees payable to the department; to provide for requirements necessary for issuance of a license by the department; to provide for the form and contents of an application; to provide for revocation or suspension of a license; to provide for the operation of related businesses; to provide for amounts of loans and interest rates; to prohibit multiple loans in certain situations; to provide for enforcement of loan agreements; to provide for disclosure forms for the customer; to provide for reports to credit bureaus; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Status History
Mar/20/2007 - House Second Readers
Mar/19/2007 - House First Readers
Mar/01/2007 - House Hopper