Georgia Code, Title 7, Chapter 6a - Georgia Fair Lending Act
- § 7-6a-1 - Short Title
This chapter shall be known and may be cited as the "Georgia Fair Lending Act."
- § 7-6a-2 - Definitions
As used in this chapter, the term: (1) "Acceleration" means a demand for immediate repayment of the entire balance of a home loan. (2)...
- § 7-6a-3 - Limitations of Home Loans
All home loans shall be subject to the following limitations and prohibited practices: (1) No creditor shall make a home loan that finances, directly...
- § 7-6a-4 - "Flipping" a Home Loan; Costs and Fees
(a) No creditor may knowingly or intentionally engage in the unfair act or practice of "flipping" a home loan. Flipping a home loan is...
- § 7-6a-5 - Limitations of High-Cost Home Loans
High-cost home loans shall be subject to the following limitations and prohibited practices: (1) No prepayment fees or penalties shall be provided for in...
- § 7-6a-6 - Affirmative Claims and Defenses Against Creditors; Conditions for Relief; Actions Intending to Evade Chapter Prohibited
(a) Notwithstanding any other provision of law, where a home loan was made, arranged, or assigned by a person selling home improvements to the...
- § 7-6a-7 - Violation of Chapter
(a) Any creditor found by a preponderance of the evidence to have violated this chapter shall be liable to the borrower for the following:...
- § 7-6a-8 - Enforcement of Chapter; Penalties for Violations
(a) The Attorney General, the district attorneys of this state, and the commissioner of banking and finance shall have jurisdiction to enforce this chapter...
- § 7-6a-9 - Terms of Insurer Providing Insurance Through Financed Premiums
A creditor or servicer or an insurer providing insurance through premiums financed by a creditor of a home loan who, when acting in good...
- § 7-6a-10 - Severability of Chapter
The provisions of this chapter shall be severable and, if any phrase, clause, sentence, or provision is declared to be invalid or is preempted...
- § 7-6a-11 - Municipality or County Not Able to Regulate Terms of Home Loans
No municipality or county shall enact any ordinance or law that regulates the terms of home loans or that makes the eligibility of any...
- § 7-6a-12 - Application; Preemption by Federal Law
The provisions of this chapter shall not apply to any bank, trust company, savings and loan, savings bank, credit union, or subsidiary thereof, respectively,...
- § 7-6a-13 - Promulgation of Rules and Regulations; Creditor's Good Faith Reliance on Guidance From Department Constituting Prima-Facie Evidence of Compliance
Without limitations on the power conferred by Chapter 1 of this title, the Department of Banking and Finance shall have the authority to promulgate...
Last modified: October 14, 2016