Georgia Code, Title 7, Chapter 1, Article 4a - Cashing of Payment Instruments
- § 7-1-700 - Definitions
As used in this article, the term: (1) "Cash payment instruments" or "cashing payment instruments" means to accept a payment instrument from a person...
- § 7-1-701 - Licensing for Cash Payment Instruments
(a) Pursuant to this article, the department may license a person to cash payment instruments.(b) No person shall cash payment instruments without first obtaining...
- § 7-1-701.1 - 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,...
- § 7-1-702 - Requirements for Licensure
(a) Each applicant for a license under this article shall: (1) Submit an application in writing, which is made under oath and in such...
- § 7-1-702.1 - Operation of Mobile Payment Instrument Cashing Facility
A mobile payment instrument cashing facility operated by a licensee shall be treated as a branch location and the operations of the facility shall...
- § 7-1-702.2 - 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...
- § 7-1-703 - Investigation of Applicants; Background Checks of Employees
(a) The department shall conduct an investigation of every applicant for licensure to determine the financial responsibility, experience, character, and general fitness of such...
- § 7-1-703.1 - Reporting on Condition 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 shall...
- § 7-1-703.2 - 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
- § 7-1-704 - 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...
- § 7-1-704.1 - Posting of License; License is Nontransferable and Nonassignable; Notification of New Facilities
(a) A license issued pursuant to this article shall be kept conspicuously posted in the place of business of the licensee.(b) Such license shall...
- § 7-1-705 - Written Notice of Claims Against Licensee, Judgments, or Other Misconduct by Employees, Directors, or Others
(a) A licensee shall give written notice to the department by registered or certified mail of any action which may be brought against it...
- § 7-1-705.1 - Approval Required for Change of Control or Ultimate Equitable Owner; Additional Requirements; Denial and Notification of Reasons
(a) Except as provided in this Code section, no person shall become an ultimate equitable owner of any licensee through acquisition or other change...
- § 7-1-706 - Record Keeping Obligations; Investigations and Examinations by the Department; Examination Fees; Administration of Oaths and Issuing of Subpoenas; Confidentiality; 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...
- § 7-1-706.1 - Regulatory Interpretation and 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...
- § 7-1-707 - Required Endorsement by Licensee; Immediate Payments; Deferment of Payment; Identification Requirements; Acceptable Fee for Services
(a) No licensee shall deposit with any financial institution a payment instrument it has accepted and exchanged for monetary value unless such payment instrument...
- § 7-1-707.1 - Posting of Fees for Cashing Payment Instruments
In every location operated by a licensee, there shall be conspicuously posted and at all times displayed a notice stating the charges for cashing...
- § 7-1-708 - Grounds for Suspension or Revocation of License; Employment of Individuals Subject to Cease and Desist Order; Administrative Review
(a) The department may suspend or revoke an original or renewal license issued pursuant to this article if it finds that any ground or...
- § 7-1-708.1 - Denial or Suspension of License for Student Borrowers in Default or for Failing to Comply With Child Support Requirements
(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...
- § 7-1-708.2 - Issuance of Cease and Desist Orders; Administrative and Judicial Enforcement; Penalty for Noncompliance
(a) The department may issue an order requiring a person to cease and desist immediately from unauthorized activities whenever it shall appear to the...
- § 7-1-709 - Penalty for Violation of Article
Any person, partnership, association, or corporation and the several members, officers, directors, agents, ultimate equitable owners, and employees thereof that shall violate any of...
- § 7-1-709.1 - 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...
- § 7-1-709.2 - Continuing Effectiveness of Existing Licenses
Every license in force and effect under the Former provisions of this article, relating to cashing checks, drafts, or money orders for consideration, on...
Last modified: October 14, 2016