SB 70 - Financial Institutions; update banking laws to reflect changes in federal law

Current VersionPDF Version

Committees

Current Status

05/24/07 - Senate Date Signed by Governor

First Reader Summary

A BILL to be entitled an Act to amend Chapter 1 of Title 7 of the O.C.G.A., relating to financial institutions generally, so as to update the banking laws in order to reflect changes in federal law and for other purposes; to exclude the value of good will in certain transactions; to regulate real estate loans; to allow for the electronic transmission of proxy; to allow for share exchange in mergers or consolidations; to define share exchange; to change the qualifications for check sellers; to require background checks on employees and agents of check sellers; to provide for registration and testing of check sellers who are not licensed; to provide for a bond to be posted by check sellers; to provide for a cease and desist order to be issued against noncompliant licensees; to provide for related matters; to provide an effective date; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
DateTimeVote NoYeasNaysNVExcDescription
02/12/20072:00PMSenate Vote #49052001002001PASSAGE
04/11/20072:19PMHouse Vote #274157004008011PASS
04/13/200710:55AMSenate Vote #292045000006005AGREE TO HOUSE SUBSTITUTE

Status History

Bill History
DateAction
01/29/2007Senate Read and Referred
02/08/2007Senate Committee Favorably Reported
02/09/2007Senate Read Second Time
02/12/2007Senate Third Read
02/12/2007Senate Passed/Adopted
02/13/2007House First Readers
02/14/2007House Second Readers
03/30/2007House Committee Favorably Reported
04/11/2007House Third Readers
04/11/2007House Passed/Adopted
04/13/2007Senate Agrees House Amend or Sub
04/26/2007Senate Sent to Governor
05/24/2007Senate Date Signed by Governor
05/24/2007Act 256
07/01/2007Effective Date

Footnotes

4/13/2007 Senate agreed to House substitute