reglab/housing_qa huggingface dataset:
GA Code § 7-1-1003.7 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1003.7. Approval of Mortgage Industry Related Courses; Application; Renewal Applications; Audits

  Any education provider which offers mortgage industry related courses designed to satisfy education requirements as provided in subsection (c) of Code Section 7-1-1004 and associated department rules shall be approved by the department.   An application under this Code section shall be made in writing, under oath, and in such form as the department may prescribe. The application shall include the following:   The name and address of the applicant and, if the entity is not a sole proprietorship, the name of every member, officer, principal, or director thereof;   The name under which the applicant will conduct business in Georgia;   A proposed certificate program or course of study which lists each subject to be taught and credit or classroom hours for each course designed to satisfy education requirements;   Qualifications and credentials of any and all instructors teaching courses named in paragraph (3) of this subsection; and   Other information as may be required by the department.     The initial application shall be filed with the department along with fees established by rule, no portion of which shall be refunded or prorated. Upon receipt of an application, the department shall conduct such investigation as it deems necessary to determine that the applicant and the individuals who direct the affairs or establish policy for the applicant, including the officers, directors, or the equivalent, are of good character and ethical reputation; that the applicant and such persons meet the requirements of subsection (h) of Code Section 7-1-1004; that the applicant and such persons demonstrate reasonable financial responsibility; that the applicant has and maintains a registered agent for service in this state; and that the applicant and such persons are qualified by education and experience to present courses directly related to the mortgage brokering process.   All education providers approved under this Code section shall be required to file a renewal application on an annual basis in writing, under oath, and in such a form as the department may prescribe. A fee established by the department shall be paid with each renewal application, which fee shall not be refunded or prorated. Failure to file a renewal application shall result in the education provider being removed from the department list of approved mortgage education providers.   The department may audit or investigate course offerings of the applicant or approved mortgage education provider as it deems necessary and without cost to the department.     (Code 1981, §7-1-1003.7, enacted by Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2010, p. 878, § 7/HB 1387; Ga. L. 2011, p. 518, § 13/HB 239.)
GA Code § 7-1-1004.1 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1004.1. Reports of Condition

 Each mortgage broker and mortgage lender shall submit to the Nationwide Multistate Licensing System and Registry reports of condition, which shall be in such form and shall contain such information as the department and the Nationwide Multistate Licensing System and Registry may require.    (Code 1981, §7-1-1004.1, enacted by Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2016, p. 390, § 6-1/HB 811; Ga. L. 2020, p. 493, § 7/SB 429.)    The 2020 amendment,  effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted "Nationwide Multistate Licensing System and Registry" for "Nation-wide Multistate Licensing System and Registry" twice in this Code section.
GA Code § 7-1-1004.2 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1004.2. Licensees' Ability to Challenge Information

 The department shall establish a process whereby licensees may challenge information entered into the Nationwide Multistate Licensing System and Registry by the department.    (Code 1981, §7-1-1004.2, enacted by Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2016, p. 390, § 6-1/HB 811; Ga. L. 2020, p. 493, § 7/SB 429.)    The 2020 amendment,  effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted "Nationwide Multistate Licensing System and Registry" for "Nation-wide Multistate Licensing System and Registry" in this Code section.
GA Code § 7-1-1004.3 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1004.3. Visibility Requirement for Unique Identifier of Individuals Originating Residential Mortgage Loan

 The unique identifier of any person originating a residential mortgage loan shall be clearly shown on all residential mortgage loan application forms, solicitations, or advertisements, including business cards, websites, and any other documents as established by rule, regulation, or order of the department.    (Code 1981, §7-1-1004.3, enacted by Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-1-1006 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1006. Contents of License; Posting of License; Transferring of License; Transacting Business Under Other Name; Change of Address; Opening a New Additional Office Without Prior Approval; Approval of Branch Manager

  Each license issued under this article shall state the name of the licensee.   A licensee shall post a copy of such license in a conspicuous place in each place of business of the licensee.   A license shall not be transferred or assigned.   No licensee shall transact business under any name or names other than those designated in the records of the department.   For mortgage brokers and mortgage lenders, each licensee shall notify the department in writing of any change in the address of the principal place of business or of any additional location of business in Georgia, any change in registered agent or registered office, any change of executive officer or contact person for consumer complaints, or of any material change in the licensee's financial statement. Notice of changes shall be received by the department no later than 30 business days after the change is effective.   No mortgage broker or mortgage lender shall open a new additional office in Georgia without prior approval of the department. Applications for such additional office shall be made in writing on a form prescribed by the department and shall be accompanied by payment of a $350.00 nonrefundable application fee. The application shall be approved unless the department finds that the applicant has not conducted business under this article efficiently, fairly, in the public interest, and in accordance with law. The application shall be deemed approved if notice to the contrary has not been mailed by the department to the applicant within 45 days of the date the application is received by the department.   All branch managers in Georgia shall be approved by the department. A mortgage broker or mortgage lender may place a new branch manager subject to the department's approval but shall file for approval within 15 days of the placement and shall remove the person immediately should the department deny approval.     (Code 1981, §7-1-1006, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 1994, p. 97, § 7; Ga. L. 1994, p. 570, § 6; Ga. L. 1999, p. 674, § 34; Ga. L. 2000, p. 174, § 29; Ga. L. 2005, p. 826, § 34/SB 82; Ga. L. 2007, p. 502, § 35/SB 70; Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2020, p. 320, § 19/HB 781.)    The 2020 amendment,  effective January 1, 2021, in the first sentence of subsection (e), substituted "officer or" for "officer," and deleted "or ultimate equitable owner of 10 percent or more of any corporation or other entity licensed under this article," following "consumer complaints".
GA Code § 7-1-1010 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1010. Annual Financial Statements

  If a mortgage broker is a United States Department of Housing and Urban Development loan correspondent, such broker shall also submit to the department the audit that is required for the United States Department of Housing and Urban Development. The department may require the mortgage broker to have made an audit of the books and affairs of the licensed or registered business and submit to the department an audited financial statement if the department finds that such an audit is necessary to determine whether the mortgage broker is complying with the provisions of this article and the rules and regulations adopted in furtherance of this article.   Each mortgage lender licensed or registered under this article shall at least once each year have made an audit of the books and affairs of the licensed or registered business and submit to the department at renewal an audited financial statement, except that a mortgage lender licensed or registered under this article which is a subsidiary shall comply with this provision by annually providing a consolidated audited financial statement of its parent company and a financial statement, which may be unaudited, of the licensee or registrant which is prepared in accordance with generally accepted accounting principles. A lender who utilizes a bond in lieu of an audit need not supply such audit, unless specially required by the department. An audit shall be less than 15 months old to be acceptable. The department may by regulation establish additional minimum standards for audits and reports under this Code section.     (Code 1981, §7-1-1010, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 1994, p. 570, § 8; Ga. L. 1996, p. 848, § 19; Ga. L. 1999, p. 674, § 37; Ga. L. 2000, p. 174, § 31; Ga. L. 2004, p. 458, § 14; Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-1-1011 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1011. Annual Fees

  The department may, by regulation, prescribe annual fees to be paid by licensees and registrants, which fees shall be set at levels necessary to defray costs and expenses incurred by the state in providing the examinations and supervision required by this article and its federally mandated participation in the Nationwide Multistate Licensing System and Registry, and which fees may vary according to whether a person is a licensee or registrant or is a mortgage loan originator, mortgage broker, or a mortgage lender.     As used in this subsection, the term "collecting agent" means the person listed as the secured party on a security deed or other loan document that establishes a lien on the residential real property taken as collateral at the time of the closing of the mortgage loan transaction.   There shall be imposed on the closing of every mortgage loan subject to regulation under this article which, as defined in Code Section 7-1-1000, includes all mortgage loans, whether or not closed by a mortgage broker or mortgage lender licensee or registrant, a fee of $10.00. The fee shall be paid by the borrower to the collecting agent at the time of closing of the mortgage loan transaction. The collecting agent shall remit the fee to the department at the time and in the manner specified by regulation of the department. Revenue collected by the department pursuant to this subsection shall be deposited in the general fund of the state.   The fee imposed by this subsection shall be a debt from the borrower to the collecting agent until such assessment is paid and shall be recoverable at law in the same manner as authorized for the recovery of other debts. Any collecting agent who neglects, fails, or refuses to collect the fee imposed by this subsection shall be liable for the payment of the fee.       (Code 1981, §7-1-1011, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 1994, p. 570, § 9; Ga. L. 1995, p. 673, § 34; Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2010, p. 9, § 1-18/HB 1055; Ga. L. 2016, p. 390, § 6-1/HB 811; Ga. L. 2020, p. 493, § 7/SB 429.)    The 2020 amendment,  effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted "Nationwide Multistate Licensing System and Registry" for "Nation-wide Multistate Licensing System and Registry" in subsection (a).
GA Code § 7-1-1012 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1012. Rules and Regulations

 Without limitation on the power conferred by Article 1 of this chapter, the department may make reasonable rules and regulations, not inconsistent with law, for the enforcement of this article, to effectuate the purposes of this article, and to clarify the meaning of terms.    (Code 1981, §7-1-1012, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 2001, p. 970, § 15; Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-1-1014 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1014. Regulations Governing Disclosure Required to Applicants for Mortgage Loans

 In addition to such other rules, regulations, and policies as the department may promulgate to effectuate the purposes of this article, the department shall promulgate regulations governing the disclosure required to be made to applicants for mortgage loans, including, without limitation, the following requirements:    Any person required to be licensed or registered under this article shall provide to each applicant for a mortgage loan prior to accepting an application fee or any third-party fee such as a property appraisal fee, credit report fee, or any other similar fee a disclosure of the fees payable and the conditions under which such fees may be refundable;   Any mortgage lender required to be licensed or registered under this article shall make available to each applicant for a mortgage loan at or before the time a commitment to make a mortgage loan is given a written disclosure of the fees to be paid in connection with the commitment and the loan, or the manner in which such fees shall be determined and the conditions under which such fees may be refundable; and   Any mortgage lender required to be licensed or registered under this article shall disclose to each borrower of a mortgage loan that failure to meet every condition of the mortgage loan may result in the loss of the borrower's property through foreclosure. The borrower shall be required to sign the disclosure at or before the time of the closing of the mortgage loan.  The department may prescribe standards regarding the accuracy of required disclosures and may provide for applicable administrative or civil penalties or fines for failure to provide the disclosures or to meet the prescribed standards.      (Code 1981, §7-1-1014, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 1994, p. 570, § 10; Ga. L. 2001, p. 970, § 16; Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-1-1015 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1015. Rules Relative to Escrow Accounts

 The department may promulgate rules with respect to the placement in escrow accounts by any person required to be licensed or registered by this article of any money, fund, deposit, check, or draft entrusted to it by any persons dealing with it as a residential mortgage loan originator, mortgage broker, mortgage lender, or servicer.    (Code 1981, §7-1-1015, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-1-1019 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1019. Criminal Penalties

 Any person and the several members, officers, directors, agents, and employees thereof who:    Shall violate the provisions of subsection (a) or (a.1) of Code Section 7-1-1002, by the willful transaction of a mortgage business without a license or exemption, shall be guilty of a felony punishable as provided in Code Section 7-1-845; or   Shall violate any of the other provisions of this article shall be guilty of a misdemeanor and shall be punished by imprisonment for not more than one year or by a fine of not more than $1,000.00, or by both fine and imprisonment.     (Code 1981, §7-1-1019, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 1994, p. 97, § 7; Ga. L. 1999, p. 674, § 40; Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2015, p. 5, § 7/HB 90.)
GA Code § 7-1-1020 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1020. Construction

 Nothing in this article shall limit any statutory or common law right of any person to bring any action in any court for any act involved in the mortgage business or the right of the state to punish any person for any violation of any law. Without limiting the generality of the foregoing, nothing in this article shall be construed as limiting in any manner the application of Part 2 of Article 15 of Chapter 1 of Title 10, the "Fair Business Practices Act of 1975."    (Code 1981, §7-1-1020, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-1-1021 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers|§ 7-1-1021. Regulations Governing Lock-in and Commitment Agreements

 The department may promulgate regulations governing the use and contents of lock-in agreements and commitment agreements.    (Code 1981, §7-1-1021, enacted by Ga. L. 1994, p. 570, § 14; Ga. L. 2009, p. 252, § 1/HB 312.)
GA Code § 7-3-1 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 3 - Installment Loans|Article 1 - General Provisions|§ 7-3-1. Short Title

 This chapter shall be known and may be cited as the "Georgia Installment Loan Act."   (Ga. L. 1955, p. 431, § 1; Ga. L. 1997, p. 143, § 7; Ga. L. 2020, p. 156, § 2/SB 462.)    The 2020 amendment,  effective June 30, 2020, substituted "Georgia Installment Loan Act" for Georgia Industrial Loan Act". See Editor's notes at the beginning of this chapter for applicability.   OPINIONS OF THE ATTORNEY GENERAL    "Payday loans" are subject to the Industrial Loan Act (now Georgia Installment Loan Act), O.C.G.A. § 7-3-1 et seq., notwithstanding the lender's use of token consideration such as catalog coupons or purchase-leaseback arrangements. 2002 Op. Att'y Gen. No. 2002-3.   RESEARCH REFERENCES   ALR.   - State regulation of payday loans, 29 A.L.R.6th 461.   What constitutes Truth in Lending Act violation which "was not intentional and resulted from bona fide error not withstanding maintenance of procedures reasonably adapted to avoid any such error" within meaning of § 130(c) of Act (15 USCA § 1640(c)), 153 A.L.R. Fed. 193.   Validity, construction, and application of Truth in Lending Act (TILA) and regulations promulgated thereunder - United States Supreme Court cases, 67 A.L.R. Fed. 2d 567.
GA Code § 7-3-5 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 3 - Installment Loans|Article 1 - General Provisions|§ 7-3-5. Applicability of Chapter - Transactions by Which Money Is Paid Others

 Repealed by Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020.   Editor's notes.   - This Code section was based on Ga. L. 1957, p. 331, § 3.
GA Code § 7-3-7 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 3 - Installment Loans|Article 1 - General Provisions|§ 7-3-7. Through 7-3-9

 Repealed by Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020.   Editor's notes.   - Former Code Sections 7-3-7 through 7-3-9, concerned the Industrial Loan Commissioner, licensing and the investigations of applications, and were based on Ga. L. 1904, p. 79, §§ 1, 2, 14; Ga. L. 1920, p. 215, §§ 2, 4; Code 1933, §§ 25-201, 25-202, 25-203, 25-301, 25-302, 25-304; Ga. L. 1955, p. 431, §§ 6 - 8; Ga. L. 1957, p. 331, § 1; Ga. L. 1959, p. 55, § 1; Ga. L. 1963, p. 370, § 1; Ga. L. 1964, p. 288, §§ 1, 2; Ga. L. 1975, p. 393, § 1; Ga. L. 1983, p. 479, § 1; Ga. L. 1986, p. 855, § 1; Ga. L. 1989, p. 14, § 7; Ga. L. 1992, p. 2725, § 1; Ga. L. 2000, p. 1589, § 3.
GA Code § 7-3-10 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 3 - Installment Loans|Article 2 - Operating Procedures|§ 7-3-10. False Advertising Prohibited

 No person shall advertise, display, distribute, or broadcast in any manner whatsoever any false, misleading, or deceptive statement or representation with regard to the rates, terms, or conditions for loans subject to this chapter.    (Ga. L. 1920, p. 215, § 12; Code 1933, § 25-312; Ga. L. 1955, p. 431, § 14; Code 1981, §7-3-13; Code 1981, §7-3-10, as redesignated by Ga. L. 2020, p. 156, § 2/SB 462.)    The 2020 amendment,  effective June 30, 2020, redesignated former Code Section 7-3-13 as present Code Section 7-3-10. See Editor's notes at the beginning of this chapter for applicability.   Editor's notes.   - Former Code Section 7-3-10, concerning a license being required for each location, its display, duration, annual fees, and moving an office within the county, was repealed by Ga. L. 2020, p. SB 462, § 2/SB 462, effective June 30, 2020. The former Code Section was based on Ga. L. 1904, p. 79, § 1; Civil Code 1910, § 3450; Ga. L. 1920, p. 215, §§ 7, 8, 9; Code 1933, §§ 25-205, 25-307, 25-308, 25-309; Ga. L. 1955, p. 431, § 9; Ga. L. 1963, p. 370, § 2; Ga. L. 1964, p. 288, § 4; Ga. L. 1989, p. 14, § 7; Ga. L. 1992, p. 2725, § 2.
GA Code § 7-3-13 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 3 - Installment Loans|Article 2 - Operating Procedures|§ 7-3-13. Licensee's Compliance When Purchasing Notes and Other Documents

 If a licensee purchases or receives by transfer or assignment any note, bill of sale to secure debt, title retention contract, conditional sales contract, or any other similar contract that would otherwise be governed by this chapter, the licensee shall comply with the provisions of this chapter when making a loan for the purpose of paying off all or any part of such instrument.    (Ga. L. 1964, p. 288, § 7; Code 1981, §7-3-16; Code 1981, §7-3-13, as redesignated by Ga. L. 2020, p. 156, § 2/SB 462.)    The 2020 amendment,  effective June 30, 2020, redesignated former Code Section 7-3-16 as present Code Section 7-3-13, and substituted "If a licensee purchases or receives by transfer or assignment" for "No loan shall be made by any licensee for the purpose of paying all or any part of the amount owed on" and "that would otherwise be governed by this chapter, the licensee shall comply with the provisions of this chapter when making a loan for the purpose of paying off all or any part of such instrument" for "which has been purchased by or assigned or transferred to such licensee for a period of at least 90 days from the date of such purchase or transfer". See Editor's notes at the beginning of this chapter for applicability.   Editor's notes.   - Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020, redesignated former Code Section 7-3-13 as present Code Section 7-3-10.   RESEARCH REFERENCES   Am. Jur. 2d.   - 53A Am. Jur. 2d, Moneylenders and Pawnbrokers, § 9 et seq.   ALR.    - Finance charge in connection with conditional sale contract as usury, 143 A.L.R. 238.