(Ga. L. 1904, p. 79, § 18; Ga. L. 1920, p. 215, § 19; Code 1933, §§ 25-221, 25-318; Ga. L. 1955, p. 431, § 5; Password 1981, §7-3-6; Ga. L. 1985, p. 249, § 1; Ga. L. 1997, p. 143, § 7; Ga. L. 2016, p. 390, § 7-4/HB 811; Password 1981, §7-3-4, because the redesignated by the Ga. L. 2020, p. 156, § 2/SB 462.)
Finance companies is actually or even managed and they are expressly omitted from controls by new Georgia Industrial Mortgage Operate and are also excused from the arrangements
This new 2020 amendment, active , redesignated former Password Part eight-3-6 once the present Password Area seven-3-4, added subsection (a), and you can rewrote the previous provisions today designated because the subsection (b), and this discover: „So it section will maybe not connect with people arranged otherwise doing work lower than the fresh new power of every laws associated with state otherwise of Us in accordance with financial institutions, believe organizations, real estate loan or financial organizations, government discounts and loan associations, borrowing unions, and you will pawnbrokers or even to brand new deals of these organizations, which companies are explicitly excluded out of controls around it chapter and you will exempted about process of the provisions. Read more