Ga. Comp. R. & Regs. R. 80-1-1-.01 - Applications, Registrations and Notifications, Generally

(1) Proposed activities in Georgia by financial institutions, may require a form application, a letter application, a form registration, or merely a letter notification to the Department. Certain qualifying institutions may be eligible to shorten the form of application, and may benefit from an expedited processing time including shortened or consolidated notice periods. Such criteria for banks are provided at Rule 80-1-1-.10 and Rule 80-6-1-.04, criteria for bank holding companies may be found at Rules 80-6-1-.03 and 80-6-1-.04, and criteria for credit unions may be found at Rule 80-2-13-.06. Requirements for all banking institutions to conduct certain other activities have been streamlined to coordinate with federal requirements.

(2) Where forms are required, they may be obtained from the Department.

(3) Other Applications. Within these Rules: Chapter 80-2 covers credit union activities; Chapter 80-3 covers money transmitters, Chapter 80-4 covers check cashers; Chapter 80-6 covers holding companies; Chapter 80-7 covers foreign bank organizations; Chapter 80-11 covers mortgage lenders, brokers, and loan originators; Chapter 80-13 covers trust companies; and Chapter 80-14 covers installment lenders.

(4) The Department has made available an Applications Manual and a Statement of Policy with details of the procedures required for most activities of regulated institutions in Georgia. Interested persons should consult the Applications Manual, Department's Statement of Policy, Rules, and applicable law which form the basis for Department decisions. These materials are available electronically. The regulations provide an overview; the Applications Manual and Statement of Policy provide detailed instructions.

(5) Fees are provided in Rule Chapter 80-5.

(6) References in these Rules to "Code Section", "O.C.G.A.", "Title", "Code of Georgia", and "Section" are to the Official Code of Georgia Annotated.

Notes

Ga. Comp. R. & Regs. R. 80-1-1-.01

O.C.G.A. §§ 7-1-61, 7-1-602.

Original Rule entitled "Definition" adopted. F. and eff. June 30, 1965. Repealed: New Rule entitled "Form of Application, Request for" adopted. F. June 9, 1972; eff. June 29, 1972. Repealed: New Rule of the same title adopted. F. July 12, 1974; eff. August 1, 1974. Amended: F. Aug. 28, 1975; eff. Sept. 17, 1975. Repealed: New Rule of the same title adopted. F. July 13, 1981; eff. August 2, 1981. Amended: Rule retitled "Application Forms, Charter Application Request". F. Sept. 26, 1995; eff. Oct. 16, 1995. Amended: Rule retitled "Applications, Registrations and Notifications, Generally." F. July 14, 1998; eff. August 3, 1998. Amended: F. July 12, 1999; eff. August 1, 1999. Amended: F. Aug. 22, 2006; eff. Sept. 11, 2006. Amended: F. Jun. 10, 2014; eff. Jun. 30, 2014. Amended: F. June 15, 2015; eff. July 5, 2015. Amended: F. July 7, 2021; eff. July 27, 2021. Amended: F. Dec. 16, 2021; eff. Jan. 5, 2022. Amended: F. July 7, 2022; eff. July 27, 2022. Amended: F. July 7, 2023; eff. July 27, 2023. Amended: F. July 12, 2024; eff. Aug. 1, 2024.