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Georgia General Assembly > Legislation
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2007-2008 Regular Session - SB 489
Credit Enhancement Loan Act; licensing of lenders by the Dept. of Banking/Finance; purposes; definitions; provide for penalties for violations
Sponsored By
First Reader Summary
A BILL to be entitled an Act to amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as to enact the "Credit Enhancement Loan Act of 2008"; 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 amounts of loans and interest rates; to prohibit multiple loans in certain situations; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Status History
Feb/20/2008 - Senate Read and Referred
Feb/19/2008 - Senate Hopper