Georgia Department of Banking and Finance

The Georgia Department of Banking and Finance is an administrative agency of the U.S. state of Georgia. With approximately 200 employees, it provides regulation of the Georgia banking and finance industry.

History

The Georgia Department of Banking and Finance was established in 1919, and since the establishment of the agency, the department has been granted additional responsibilities, beyond bank supervision and regulation, have been assigned to the agency in the form of the Georgia Credit Union Act (1925); Trust Company Laws of Georgia (1927); Georgia Sale of Checks Act (1965); The Fiduciary Investment Company Act (1970); International Bank Agency Act (1972); Georgia Business Development Corporation Act (1972); Regulation of Check Cashers (1990); the Georgia Residential Mortgage Act (1993); the Georgia Fair Lending Act (GAFLA) (2002); and the Georgia Merchant Acquirer Limited Purpose Bank Act (2012). An elected official, the Georgia Commissioner of Banking and Finance oversees the agency