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Georgia General Assembly > Legislation
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2007-2008 Regular Session - SB 70
Financial Institutions; update banking laws to reflect changes in federal law
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First Reader Summary
A BILL to be entitled an Act to amend Chapter 1 of Title 7 of the O.C.G.A., relating to financial institutions generally, so as to update the banking laws in order to reflect changes in federal law and for other purposes; to exclude the value of good will in certain transactions; to regulate real estate loans; to allow for the electronic transmission of proxy; to allow for share exchange in mergers or consolidations; to define share exchange; to change the qualifications for check sellers; to require background checks on employees and agents of check sellers; to provide for registration and testing of check sellers who are not licensed; to provide for a bond to be posted by check sellers; to provide for a cease and desist order to be issued against noncompliant licensees; to provide for related matters; to provide an effective date; to repeal conflicting laws; and for other purposes.
Status History
Jul/01/2007 - Effective Date
May/24/2007 - Act 256
May/24/2007 - Senate Date Signed by Governor
Apr/26/2007 - Senate Sent to Governor
Apr/13/2007 - Senate Agreed House Amend or Sub
Apr/11/2007 - House Passed/Adopted By Substitute
Apr/11/2007 - House Third Readers
Mar/30/2007 - House Committee Favorably Reported By Substitute
Feb/14/2007 - House Second Readers
Feb/13/2007 - House First Readers
Feb/12/2007 - Senate Passed/Adopted
Feb/12/2007 - Senate Third Read
Feb/09/2007 - Senate Read Second Time
Feb/08/2007 - Senate Committee Favorably Reported
Jan/29/2007 - Senate Read and Referred
Jan/26/2007 - Senate Hopper
4/13/2007 Senate agreed to House substitute
Apr/13/2007 - Senate Vote #292Yea(45)Nay(0)NV(6)
Apr/11/2007 - House Vote #274Yea(157)Nay(4)NV(8)
Feb/12/2007 - Senate Vote #49Yea(52)Nay(1)NV(2)
Past Versions