Compilation of Rules and Regulations of the State of Georgia Department 80 - RULES OF DEPARTMENT OF BANKING AND FINANCE
The Compilation of Rules and Regulations of the State of Georgia, specifically Department 80 – Rules of Department of Banking and Finance, contains the administrative rules governing banks, credit unions, trust companies, mortgage lenders, money transmitters, and related financial institutions operating in Georgia.
Overview of Department 80 – Georgia Department of Banking and Finance (DBF)
This department is responsible for the supervision, regulation, and examination of:
State-chartered banks and credit unions
Trust companies
Mortgage lenders and brokers
Money service businesses (e.g., money transmitters, check cashers, and payday lenders)
Key Chapters in Department 80
Here are some important chapters under Department 80:
80-1: General Provisions
Definitions
Scope and applicability
Procedures for filings and hearings
80-2: Supervision and Regulation of Banks
Chartering requirements
Branching and merger rules
Corporate governance standards
Capital adequacy and reporting
80-3: Credit Unions
Chartering and field of membership
Loan limits
Investment policies
Safety and soundness standards
80-5: Trust Companies
Licensing requirements
Fiduciary powers
Asset safeguarding standards
80-10: Mortgage Lenders and Brokers
Licensing and registration
Loan origination requirements
Prohibited practices
Advertising and disclosure obligations
80-12: Money Service Businesses
Licensing of money transmitters
Surety bond requirements
Recordkeeping and audit obligations
80-13: Installment Lenders (small loans)
Rules related to Georgia’s Installment Loan Act
Rate and fee limitations
Fair lending practices
80-14: Other Financial Services
Check cashers, title lenders, and other non-depository financial service providers
Legal Authority:
These rules are adopted under the authority of the Official Code of Georgia Annotated (O.C.G.A.) Title 7 – Banking and Finance and enforced by the Georgia Department of Banking and Finance.
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