Requirements for Original and Renewal Licenses

  1. Law
  2. Georgia Code
  3. Banking and Finance
  4. Installment Loans
  5. Licensing
  6. Requirements for Original and Renewal Licenses

Checkout our iOS App for a better way to browser and research.

  1. Each applicant for an original or renewal license shall:
    1. Submit an application in writing, under oath, and in such form as the department may prescribe;
    2. Furnish to the Nationwide Multistate Licensing System and Registry the following information:
      1. The legal name and principal business address of the person applying for the license;
      2. The names and the residence and business addresses of each director, owner, and executive officer of the applicant;
      3. The address of each location where the applicant will engage in the business of making installment loans in this state;
      4. Any name, subject to approval by the department, under which the applicant will engage in the business of making installment loans in this state; and
      5. The name and address of the initial registered agent and registered office for service of process in this state;
    3. Submit such other data, financial statements, and pertinent information as the department may require with respect to the applicant or its directors, owners, or executive officers; and
    4. Pay a nonrefundable supervision fee established by rules and regulations of the department.
  2. A person applying for an original license shall pay a nonrefundable investigation fee established by rules and regulations of the department.

(Code 1981, §7-3-20, enacted by Ga. L. 2020, p. 156, § 2/SB 462.)

Editor's notes.

- Ga. L. 2020, p. 156, § 2/SB 462, effective June 30, 2020, redesignated former Code Section 7-3-20 as present Code Section 7-3-17.


Download our app to see the most-to-date content.