reglab/housing_qa huggingface dataset:
GA Code § 7-1-237 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally|Part 11 - Costs on Judicial Process|§ 7-1-237. Reimbursement of Costs Incurred in Answering Subpoena, Garnishment, or Order; Subpoena to Be Answered Within Five Days

 Any financial institution shall be reimbursed by the requesting party for costs which are reasonably necessary and which have been directly incurred in searching for, reproducing, or transporting books, papers, records, or other data of a customer required or requested to be produced pursuant to a lawful subpoena, summons, warrant, garnishment, attachment, request for the production of documents, or court order where the financial institution is not a party to the action. Except as may otherwise be ordered by a judge of the court issuing the same, a financial institution shall have five business days from service of a subpoena within which to produce any books, papers, or records ordered produced pursuant to such subpoena. In the case of a garnishment or attachment of funds held by the financial institution, such reimbursement may be deducted prior to remission of such funds in response to the garnishment or attachment. Rates and conditions under which reimbursement may be made under this Code section shall be prescribed by regulations of the department.    (Code 1981, §7-1-237, enacted by Ga. L. 1983, p. 602, § 3; Ga. L. 1985, p. 1467, § 1; Ga. L. 1987, p. 805, § 1.)   RESEARCH REFERENCES   ALR.   - Bank's liability, under state law, for disclosing financial information concerning depositor or customer, 81 A.L.R.4th 377.
GA Code § 7-1-239.1 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally|Part 12 - Deposits of Deceased Depositors|§ 7-1-239.1. Payment of Checks or Instruments Payable to Deceased Intestate Persons; Affidavit Included With Application for Payment

  Whenever any person dies intestate having possession of or a right to possession of a check or other instrument payable to such deceased person and the amount of the check or instrument does not exceed $15,000.00, the financial institution on which the check or instrument is drawn shall be authorized to accept and redeem the check or instrument by payment to the following persons:   To the surviving spouse;   If no surviving spouse, to the children pro rata;   If no children or surviving spouse, to the father and mother pro rata; or   If none of the above, then to the brothers and sisters of the decedent pro rata.     If a check or other instrument is payable to more than one person, it may be accepted and redeemed as provided in subsection (a) of this Code section only if it has been endorsed by each payee other than the decedent.   Payments made pursuant to this Code section shall operate as a complete acquittal and discharge to the financial institution of liability from any suit, claim, or demand of whatever nature by any heir, distributee, creditor of the decedent, or any other person. Such payment is authorized to be made as provided in this Code section without the necessity of administration of the estate of the decedent and without the necessity of obtaining an order that no administration is necessary.   As used in this Code section, the term "financial institution" includes any federally chartered financial institution.   Application by any claimant or claimants entitled in this Code section to receive payments of checks or other instruments at a financial institution upon which such instrument is drawn shall include an affidavit by the claimant or claimants which states that they qualify as the proper relation to the decedent as specified in this Code section and that the claimant or claimants know of no other corresponding claimant or claimants to such funds. The financial institution may rely on a properly executed affidavit in disbursing the funds according to this Code section.     (Code 1981, §7-1-239.1, enacted by Ga. L. 1985, p. 1241, § 2; Ga. L. 1996, p. 848, § 4; Ga. L. 2019, p. 279, § 2/HB 490.)    The 2019 amendment,  effective July 1, 2019, substituted "$15,000.00" for "$10,000.00" in the middle of the introductory language of subsection (a).   Law reviews.   - For annual survey on wills, trusts, guardianships, and fiduciary administration, see 71 Mercer L. Rev. 327 (2019).
GA Code § 7-1-239.5 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally|Part 13 - Bank Fees|§ 7-1-239.5. Fee for Instruments Drawn on Other Institutions

 Repealed by Ga. L. 2016, p. 390, § 2-2/HB 811, effective July 1, 2016.   Editor's notes.   - This Code section was based on Code 1981, § 7-1-239.5, enacted by Ga. L. 1997, p. 572, § 1.   Ga. L. 2017, p. 774, § 7/HB 323, part of an Act to revise, modernize, and correct the Code, repealed the reservation of this Code section.
GA Code § 7-1-239.6 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally|Part 13 - Bank Fees|§ 7-1-239.6. Convenience Fees

 A financial institution or mortgage lender, as such term is defined by Code Section 7-1-1000, may charge a convenience fee provided that such fee is permissible in accordance with Code Section 13-1-15. For purposes of this Code section, the term "convenience fee" means any additional amount imposed to a consumer at the time of a transaction for the election of making a payment by electronic means. A convenience fee may include, but is not limited to, any fee charged for payment to an account with the assistance of a live representative or agent of the financial institution or mortgage lender, by telephone, using a voice response unit, or other electronic means. A convenience fee does not include a discount offered by a lender or merchant to a person for payment by cash, check, or similar means.    (Code 1981, §7-1-239.6, enacted by Ga. L. 2017, p. 193, § 5/HB 143.)
GA Code § 7-1-239.10 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally|Part 14 - Savings Promotion Raffles|§ 7-1-239.10. Definitions; Conduct of Savings Promotion Raffles; Application

  As used in this Code section, the term:   "Bank" means a national bank or a state chartered bank, regardless of which state issued the charter, that has federal deposit insurance.   "Credit union" means a federally chartered credit union or a state chartered credit union, regardless of which state issued the charter, that has federal deposit insurance.   "Savings promotion raffle" means a contest in which the sole consideration required for a chance of winning a designated prize is obtained by the deposit of a specified amount of money in a savings account or other savings program offered by a bank or credit union, where each ticket or entry has an equal chance of being drawn.     A bank or credit union may conduct a savings promotion raffle, provided that the raffle is conducted in a manner that does not:   Jeopardize the ability of the bank or credit union conducting the savings promotion raffle to operate in a safe and sound manner; or   Mislead depositors about the chances of winning.     A bank or credit union conducting a savings promotion raffle:   Shall provide each person making a deposit in a savings promotion raffle account with information regarding:   The terms of the raffle;   The verifiable retail value of each prize that a depositor has a chance of winning;   The odds of a depositor winning a prize; and   Any fees or penalties associated with such account;     Shall not charge any fees associated with the underlying savings account or other savings program in excess of the fees charged for the savings account or other savings program offered by the bank or credit union that is the most similar to such savings promotion raffle account;   May contract for and use the services of a third-party service provider to handle the administrative details of conducting a savings promotion raffle; and   Shall maintain all records the department determines are necessary to conduct an examination or audit of a savings promotion raffle.     The provisions of this Code section applicable to credit unions shall apply to an organization composed primarily of credit unions and the provisions of this Code section applicable to banks shall apply to an organization composed primarily of banks.     (Code 1981, §7-1-239.10, enacted by Ga. L. 2019, p. 736, § 1/HB 193.)
GA Code § 7-1-240 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 1 - General Matters|§ 7-1-240. Powers and Restrictions Applicable When Acting as Bank and Trust Company

 Any financial institution authorized by law to act as both a bank and a trust company shall enjoy and be subject to the powers and restrictions of a bank of its type in regard to its banking activities and in like manner shall enjoy and be subject to the powers and restrictions of a trust company in regard to its trust activity. With respect to general corporate matters not identified with either banking or trust functions, it shall have the privileges and restrictions of a bank of its type.   (Code 1933, § 41A-1101, enacted by Ga. L. 1974, p. 705, § 1.)   Law reviews.   - For article, "An Argument Evaluating Price Controls on Bank Credit Cards in Light of Certain Reemerging Common Law Doctrines," see 9 Ga. St. U.L. Rev. 797 (1993). For article, "An Economic Perspective on Interest Rate Limitations," see 9 Ga. St. U.L. Rev. 821 (1993). For article, "Regulating Bank Reputation Risk," see 54 Ga. L. Rev. 523 (2020).   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 595 et seq.   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 650, 661.   ALR.    - Power of banking corporation to loan money for others, 33 A.L.R. 597.
GA Code § 7-1-262 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 2 - General Powers of Banks and Trust Companies|§ 7-1-262. Power to Hold Real Estate; Prior Approval of Acquisitions

  A bank or trust company may solely or jointly with other persons or corporations acquire and hold such real property as it:   Occupies or intends to occupy primarily for the transaction of its business, the business of any subsidiary or affiliate, or the recreational use of its employees or partly so occupies and partly leases;   Acquires for the purpose of providing parking or other facilities primarily for the use of its tenants, customers, officers, and employees; or   Acquires with others for the purpose of providing data processing facilities or other support services for the bank or trust company or any subsidiary solely or in cooperation with others,  subject to the limitation that the investment of the bank or trust company in all such real property, in all furniture, fixtures, and equipment acquired in connection with any real property owned or leased by the bank or trust company, in all alterations of buildings on real property owned or leased by the bank or trust company, in all shares of corporations organized for the purpose of holding real estate in the categories described above where the bank or trust company or a subsidiary of the bank or trust company owns 25 percent or more of such shares outstanding, in obligations of or for the benefit of such corporations or loans upon the security of the shares of such corporations or, to the extent of the bank's or trust company's pro rata interest, the security of the real estate itself, and in all real estate, furniture, fixtures, or equipment held beyond the limits specified in Code Section 7-1-263 shall not exceed 60 percent of the statutory capital base of the bank or trust company, or such larger amount as may be approved by the department.      All acquisitions of real property for purposes authorized above must be accorded prior written approval by the department in advance of the acquisition except to the extent authorized by regulation.    (Ga. L. 1898, p. 78, § 3; Civil Code 1910, § 2817; Ga. L. 1917, p. 56, § 1; Ga. L. 1919, p. 135, art. 19, § 24; Ga. L. 1920, p. 76, § 1; Code 1933, §§ 13-2024, 109-201; Ga. L. 1963, p. 512, § 1; Ga. L. 1972, p. 1242, § 1; Code 1933, § 41A-1203, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 16; Ga. L. 1989, p. 1249, § 3.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 600 et seq.   C.J.S.   - 9 C.J.S., Banks and Banking, § 239.
GA Code § 7-1-263 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 2 - General Powers of Banks and Trust Companies|§ 7-1-263. Property Held to Avoid Loss

 A bank or trust company may acquire and hold property for the purpose of avoiding loss as specified in paragraph (8) of Code Section 7-1-261, subject to:    A determination by a majority vote of its directors at least once each year as to the advisability of retaining any such property, provided that no such property may be held for more than five years without the prior written approval of the department; and   Disposition within a period of six months after the date of acquisition or such longer period as the department may approve in writing of shares of its own stock so acquired and of shares of stock of any bank, bank holding company, or trust company held after such acquisition.    (Ga. L. 1898, p. 78, § 3; Civil Code 1910, § 2817; Ga. L. 1917, p. 56, § 1; Ga. L. 1919, p. 135, art. 19, §§ 22-24; Ga. L. 1920, p. 76, § 1; Ga. L. 1924, p. 76, § 1; Ga. L. 1927, p. 195, § 10; Code 1933, §§ 13-2022, 13-2023, 13-2024, 109-201; Ga. L. 1946, p. 65, § 1; Ga. L. 1947, p. 501, § 1; Ga. L. 1950, p. 18, § 1; Ga. L. 1951, p. 284, § 1; Ga. L. 1957, p. 275, § 1; Ga. L. 1958, p. 133, § 1; Ga. L. 1959, p. 238, § 1; Ga. L. 1962, p. 95, § 1; Ga. L. 1963, p. 512, § 1; Ga. L. 1965, p. 523, § 1; Ga. L. 1966, p. 590, § 8; Ga. L. 1968, p. 1162, § 1; Ga. L. 1969, p. 976, § 1; Ga. L. 1972, p. 1242, § 1; Code 1933, § 41A-1204, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1981, p. 1366, § 6.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, § 600 et seq.   C.J.S.   - 9 C.J.S., Banks and Banking, § 239.   ALR.    - Liability of bank for loss of liberty bonds and war savings stamps, 40 A.L.R. 899.
GA Code § 7-1-281 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 3 - Powers of Banks|§ 7-1-281. Participation in Federal Programs

 Any bank may:    Become a member of the Federal Reserve System and conform to the rules and regulations of that system and the federal reserve bank of which it is a member;   Become an insured bank pursuant to the Federal Deposit Insurance Act and take all action necessary to the maintenance of insured status thereunder;   Apply for and obtain insurance on loans pursuant to national housing legislation.    (Ga. L. 1919, p. 135, art. 19, § 38; Code 1933, § 13-2038; Code 1933, § 41A-1302, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1975, p. 445, § 17; Ga. L. 1984, p. 22, § 7.)
GA Code § 7-1-282 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 3 - Powers of Banks|§ 7-1-282. Direct Leasing of Personal and Real Property

 Notwithstanding any other provision of law to the contrary and subject to such regulations as the department may prescribe, a bank may:    Become the owner and lessor of personal property acquired upon the specific request and for the use of a customer and may incur such additional obligations as may be incident to becoming an owner and lessor of such property. At the end of any lease, the bank shall, within six months, enter into a new lease with respect to the property or dispose of it. The leasing shall constitute an indebtedness under Code Section 7-1-285 and shall be subject to the lending limitations of such Code section;   Become the owner and lessor of certain public real property and facilities. A bank may purchase or construct a municipal building, school building, or other similar state, local, or other governmental authority facility if, as holder of legal title, such purchase is for the purpose of leasing the facility to a municipality or other public or governmental authority which has the authority to enter into such lease, is authorized to levy taxes or is backed by the taxing authority of another political subdivision, and has the resources sufficient to make lease payments as they come due. The lease agreement must provide that the lessee will become the owner of the building or facility upon the expiration of the lease; and   Become the owner and lessor of real property acquired upon the specific request and for the use of a customer or an affiliate thereof and may incur such additional obligations as may be incidental to becoming an owner and lessor of such property. The lessee, or an affiliate thereof, shall be responsible for any and all construction of buildings or other improvements related to such real property. Any lease with respect to such real property shall provide that the lessee thereof shall be responsible for maintaining the property, insuring the property, and paying real estate taxes related to the property. At the end of any lease, the bank shall, within six months, enter into a new lease with respect to the property or dispose of it. The leasing shall be subject to credit approval by the bank in a manner substantially similar to a loan and shall constitute an indebtedness under Code Section 7-1-285 and shall be subject to the lending limitations of such Code section. The assignment of any purchase contract, or the right to purchase real property thereunder, by the lessee or an affiliate thereof to the bank shall not affect the entitlement of any real estate broker to any real estate brokerage commissions owing upon the sale of such real property.    (Ga. L. 1919, p. 135, art. 19, § 22; Code 1933, § 13-2022; Ga. L. 1966, p. 590, § 8; Code 1933, § 41A-1303, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1999, p. 674, § 4; Ga. L. 2000, p. 174, § 5; Ga. L. 2001, p. 4, § 7; Ga. L. 2004, p. 458, § 3.)
GA Code § 7-1-283 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 3 - Powers of Banks|§ 7-1-283. Participations

  A bank may purchase and may sell participations in:   One or more evidences of indebtedness or agreements for the payment of money, subject to regulations by the department; or   Pools of evidences of indebtedness or agreements for the payment of money, subject to regulations by the department.     The department may prohibit the sale of any type of participation to the public or otherwise not in the usual course of banking business, except as permitted by other provisions of this chapter.    (Code 1933, § 41A-1304, enacted by Ga. L. 1974, p. 705, § 1.)   RESEARCH REFERENCES   ALR.    - Power of bank or trust company to create trust out of its securities and sell participation certificates therein, 97 A.L.R. 1182.
GA Code § 7-1-284 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 3 - Powers of Banks|§ 7-1-284. Acceptances

  A bank may accept drafts upon it having not more than nine months' sight to run arising out of transactions involving:   The import or export of goods;   The domestic shipment of goods, if secured by documents of title covering such goods; or   The storage of readily marketable staples, if secured by documents of title covering such staples.     The aggregate amount of acceptances under subsection (a) of this Code section shall not at any time exceed, for all such acceptances on behalf of one customer, 15 percent of the statutory capital base of the bank, exclusive of any acceptance secured by documents of title or other security growing out of the same transaction as the acceptance.   In addition, a bank may, with the prior approval of the department, accept drafts having not more than three months' sight to run drawn upon it by banking institutions or bankers in foreign countries or in dependencies or insular possessions of the United States for the purpose of creating dollar exchange as required in an aggregate amount which shall not at any time exceed:   For all such acceptances on behalf of a single banking institution or banker, 10 percent of the statutory capital base;   For all such acceptances, 50 percent of the statutory capital base, provided that the department may, by regulation, impose additional restrictions on the acceptance of drafts under this subsection.      (Ga. L. 1919, p. 135, art. 19, § 20; Code 1933, § 13-2020; Code 1933, § 41A-1305, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1976, p. 275, § 1; Ga. L. 1981, p. 1366, § 7; Ga. L. 1983, p. 602, § 5.)   Cross references.   - Effect of proffered acceptance of draft by drawee which varies draft as presented, § 11-3-412.    Warehouse receipts, bills of lading, and other documents of title, § 11-7-101 et seq.   RESEARCH REFERENCES   Am. Jur. 2d.   - 11 Am. Jur. 2d, Bills and Notes, § 379 et seq.   C.J.S.   - 9 C.J.S., Banks and Banking, §§ 240, 241.
GA Code § 7-1-287 (2021)
2021 Georgia Code|Title 7 - Banking and Finance|Chapter 1 - Financial Institutions|Article 2 - Banks and Trust Companies|Part 3 - Powers of Banks|§ 7-1-287. Dealings in Securities; Conflicts of Interest; Divestiture and Fines

 Notwithstanding the limitations of Code Section 7-1-288, a bank may purchase, sell, underwrite, and hold securities which are obligations in the form of bonds, notes, or debentures or mutual funds, investment trusts, or pools primarily consisting of such bonds, notes, or debentures, and may purchase, sell, and hold corporate debt obligations, to the extent authorized by regulations of the department. The department may issue regulations which prescribe operating restrictions and standards of conduct dealing with potential conflicts of interest and shall prescribe rules for divestiture of securities held in violation of such regulations and fines for violations not to exceed $10,000.00 per day during which each violation remains uncorrected. A bank may hold without limit securities which are obligations of the United States or obligations which are guaranteed fully as to principal and interest by the United States or general obligations of any state.   (Ga. L. 1919, p. 135, art. 19, § 23; Ga. L. 1924, p. 76, § 1; Ga. L. 1927, p. 195, § 10; Code 1933, § 13-2023; Ga. L. 1946, p. 65, § 1; Ga. L. 1947, p. 501, § 1; Ga. L. 1950, p. 18, § 1; Ga. L. 1951, p. 284, § 1; Ga. L. 1957, p. 275, § 1; Ga. L. 1958, p. 133, § 1; Ga. L. 1959, p. 238, § 1; Ga. L. 1962, p. 95, § 1; Ga. L. 1965, p. 523, § 1; Ga. L. 1968, p. 1162, § 1; Ga. L. 1969, p. 976, § 1; Code 1933, § 41A-1308, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1989, p. 1249, § 5; Ga. L. 1999, p. 674, § 5.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 10 Am. Jur. 2d, Banks and Financial Institutions, §§ 501, 515, 613, 636.   C.J.S.   - 9 C.J.S., Banks and Banking, § 238.   ALR.    - Rights of owners of securities deposited in bank upon its insolvency, 51 A.L.R. 914; 84 A.L.R. 1534; 126 A.L.R. 625.