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Full-Text Articles in Law
Hb 192 - Banking And Finance, Caroline G. Mayson, Jesse C. Moore
Hb 192 - Banking And Finance, Caroline G. Mayson, Jesse C. Moore
Georgia State University Law Review
The Act changes the provisions relating to the responsibilities and standard of care for directors and officers of banks, trust companies, and corporations. The Act codifies the business judgment rule. The operative liability standard for directors and officers is gross negligence, as opposed to simple negligence, and directors and officers may rely on other individuals in the performance of their duties. A rebuttable presumption exists that directors and officers act in good faith.
Banking And Finance Financial Institutions: Provide For Licensing Of Mortgage Lenders And Mortgage Brokers, J. Antonio Delcampo
Banking And Finance Financial Institutions: Provide For Licensing Of Mortgage Lenders And Mortgage Brokers, J. Antonio Delcampo
Georgia State University Law Review
The Act sets forth guidelines for the licensing and regulation of mortgage brokers and mortgage bankers by the state Department of Banking and Finance (Department). The Act calls for the Department to investigate mortgage companies and individual bankers applying for licenses and to review their lending practices before renewing licenses. A person convicted of violating the Act is guilty of a misdemeanor punishable by imprisonment for less than a year, by a fine not exceeding $1000, or by both.
Banking And Finance Credit Cards: Provide For Deregulation, J. Cronin
Banking And Finance Credit Cards: Provide For Deregulation, J. Cronin
Georgia State University Law Review
The Act deregulates banking laws governing bank credit cards issued in Georgia. Deregulation is accomplished by eliminating the eighteen percent ceiling on interest rates, the twelve dollar annual fee limit, and other rate and fee limitations on credit cards issued in Georgia. The Act also permits out-of-state financial institutions to establish limited purpose credit card banks in Georgia. March 19, 1987