HB420 - Georgia Industrial Loan Act of 2007; enact
HB420 - Georgia Industrial Loan Act of 2007; enact
Sponsored by: Ehrhart,Earl 36th
A BILL to be entitled an Act to repeal and reenact Chapter 3 of Title 7 of the Official Code of Georgia Annotated, relating to industrial loans, so as to add protections for consumers who are customers for these loans; to provide for purposes and definitions; to provide for exemptions; to provide for powers and duties of the Industrial Loan Commissioner; to provide for licensure and fees; to provide for maintenance of books and records by licensees; to prohibit false advertising; to provide for maximum charges; to provide for penalties; to provide for suspension or revocation of license; to provide for judicial review; to provide for related matters; to provide an effective date; to provide for applicability; to repeal conflicting laws; and for other purposes.