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 update terminology; to revise procedures concerning incorporators of credit unions; to revise requirements of articles of incorporation of credit unions; to revise licensure requirements for money transmissions, cashing payment instruments, mortgage lenders and mortgage brokers, foreign banking institutions, and installment loans; to provide for revised auditing procedures for mortgage lenders and mortgage brokers; to provide for corporate governance requirements for mortgage lenders and mortgage brokers; to provide for liquidity requirements for mortgage lenders and mortgage brokers; to revise requirements for applications to relocate for foreign banking institutions; to provide for related matters; to repeal conflicting laws; and for other purposes.

Statutes affected:
LC 62 0051/a: 7-1-235, 7-1-231, 7-1-232, 7-1-605, 7-1-608, 7-1-392, 7-1-862, 7-1-7, 7-1-606, 7-1-630, 7-1-131, 7-1-6, 7-1-632, 7-1-635, 7-1-658, 7-1-680, 16-1-3, 7-1-683, 7-1-684, 7-1-700, 7-1-702, 7-1-703, 7-1-1000, 8-2-131, 8-2-111, 7-1-1004, 7-1-1002, 7-1-1013, 7-1-1004.1, 7-1-1003, 7-1-1010, 7-1-1016, 7-1-1022, 7-1-1023, 7-1-1100, 7-1-1110, 7-1-1109, 7-1-1108, 7-1-1112, 7-1-1127, 7-1-1135, 7-1-1111, 7-1-1118, 7-1-1119, 7-1-1121, 7-1-1123, 7-1-410, 7-1-1132, 7-1-1138, 7-1-721, 7-3-3, 7-3-20, 7-3-42, 7-9-7, 7-1-90, 7-1-71, 35-3-34, 7-9-12.1, 7-9-13, 7-1-64, 7-1-73, 7-1-92