Georgia Code, Title 7, Chapter 1, Article 4 - Sale of Payment Instruments
- § 7-1-680 - (for Effective Date, See Note) Definitions
As used in this article, the term: (1) "Authorized agent" means a person designated by a licensee pursuant to Code Section 7-1-683.1 to engage...
- § 7-1-681 - Licensing Requirements; Engagement in Sale of Payment Instruments or Money Transmission Defined; Liabilities
(a) Pursuant to this article, the department may license a person to engage in the sale of payment instruments or the transmission of money.(b)...
- § 7-1-682 - Exemption From Licensing Requirements
The requirement for licensure set forth in this article shall not apply to: (1) Any state or federally chartered bank, trust company, credit union,...
- § 7-1-683 - Requirements for Licensure; Fees; Rules and Regulations
(a) Each applicant for a license under this article shall: (1) Submit an application in writing, which is made under oath and in such...
- § 7-1-683.1 - Locations for Conduct of Business; Contracting With Authorized Agent; Requirements of Agent
(a) As authorized by this Code section, a licensee may conduct its business through designated authorized agents at one or more locations in this...
- § 7-1-683.2 - Bonding
(a) An applicant shall provide with its application a corporate surety bond issued by a bonding company or insurance company authorized to do business...
- § 7-1-683.3 - Authority of Department
(a) The department is authorized to: (1) Participate in the Nation-wide Multistate Licensing System and Registry in order to facilitate the sharing of information...
- § 7-1-684 - Investigation of Applicants for Licensure; Background Checks on Employees and Others
(a) The department shall conduct an investigation of every applicant for licensure to determine the financial responsibility, experience, character, and general fitness of such...
- § 7-1-684.1 - Reporting to Nation-Wide Multistate Licensing System and Registry
Each licensee shall submit to the Nation-wide Multistate Licensing System and Registry timely reports of condition, which shall be in such form and contain...
- § 7-1-684.2 - Use of Unique Identifier of Licensee
The unique identifier of any licensee shall be clearly labeled on all advertisements and any other documents required by rule or regulation of the
- § 7-1-685 - Expiration and Renewal of Licenses
Except as otherwise specifically provided in this article, all licenses issued pursuant to this article shall expire on December 31 of each year, and...
- § 7-1-686 - Display of License; License Nontransferable and Nonassignable; Notification of Additional Locations
(a) A license issued pursuant to this article shall be kept conspicuously posted in the place of business of the licensee. If the licensee...
- § 7-1-687 - Notice of Action Against Licensee by Creditor or Claimant; Other Notification Requirements
(a) A licensee shall give written notice to the department by registered or certified mail of any action which may be brought against it...
- § 7-1-688 - Approval Required of New Ultimate Equitable Owner, Other Change of Control, or Executive Officer of Licensee; Denial of Application
(a) Except as provided in this Code section, no person shall become an ultimate equitable owner of any licensee through acquisition or other change...
- § 7-1-689 - Record Keeping; Investigations and Examinations by Department; Subpoenas; Confidentiality; Limitations on Civil Liability
(a) Each licensee shall make, keep, and use in its business such books, accounts, and records as the department may require to enforce the...
- § 7-1-690 - Enforcement
Without limiting the power conferred by Article 1 of this chapter, the department may make reasonable rules and regulations, not inconsistent with law, for...
- § 7-1-691 - Prohibited Activities While Engaged in Sale of Checks or Money Transmission
It shall be prohibited for any person engaged in the sale of checks or money transmission in this state, including any person required to...
- § 7-1-692 - Suspension or Revocation of License; Failure to Issue License; Grounds; Administrative Review
(a) The department may suspend or revoke an original or renewal license issued pursuant to this article or rescind the authorization to act as...
- § 7-1-693 - Applicant or Licensee As Borrower in Default; Failure to Pay Child Support Prohibits Licensure
(a) Where an applicant or licensee has been found to be a borrower in default, as defined in Code Section 20-3-295, such action shall...
- § 7-1-694 - Cease and Desist Orders From Unauthorized Activities; Civil Penalties for Violations; Judicial Review; Administrative Fines
(a) The department may issue an order requiring a person to cease and desist immediately from unauthorized activities whenever it shall appear to the...
- § 7-1-695 - Liability for Payment
Every payment instrument issued in the conduct of the business regulated by this article shall be signed by the licensee or its authorized agent,...
- § 7-1-696 - Penalties for Violations
Any person, partnership, association, or corporation and the several members, officers, directors, agents, ultimate equitable owners, and employees thereof that shall violate any of...
- § 7-1-697 - No Limitation on Common Law Liability or State Prosecution
Nothing in this article shall limit any statutory or common law right of any person to bring any action in any court for any...
- § 7-1-698 - Continuing Effectiveness of Existing Licenses
Every license in force and effect under the former provisions of this article, relating to sale of checks and money orders, on July 1,...
Last modified: October 14, 2016