Georgia Code
Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers
§ 7-1-1001. Exemption for Certain Persons and Entities; Registration Requirements; Authorized Actions of Licensed Mortgage Lenders; Violations

(2.1) Any wholly owned subsidiary of any bank holding company; provided, however, that such subsidiary shall be subject to registration requirements in order to facilitate the department’s handling of consumer inquiries. Such requirements are contained in Code Section 7-1-1003.3;
History. Code 1981, § 7-1-1001 , enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 1994, p. 570, § 2; Ga. L. 1996, p. 848, § 14; Ga. L. 1997, p. 485, § 31; Ga. L. 1999, p. 674, § 30; Ga. L. 2000, p. 174, § 23; Ga. L. 2003, p. 843, § 16; Ga. L. 2006, p. 750, § 1/SB 505; Ga. L. 2007, p. 502, § 33/SB 70; Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2010, p. 878, § 7/HB 1387; Ga. L. 2011, p. 518, § 7/HB 239; Ga. L. 2011, p. 752, § 7/HB 142; Ga. L. 2012, p. 775, § 7/HB 942; Ga. L. 2013, p. 638, § 1/HB 83; Ga. L. 2014, p. 421, § 1/HB 750; Ga. L. 2016, p. 390, §§ 6-1, 7-4/HB 811; Ga. L. 2019, p. 828, § 32/HB 185; Ga. L. 2020, p. 156, § 9/SB 462; Ga. L. 2020, p. 493, § 7/SB 429; Ga. L. 2021, p. 323, § 36/HB 111; Ga. L. 2022, p. 220, § 35/HB 891; Ga. L. 2022, p. 352, § 7/HB 1428.
The 2019 amendment, effective July 1, 2019, substituted “if registration of such persons is required” for “unless otherwise provided” near the end of subsection (a); and added subsection (c).
The first 2020 amendment, effective June 30, 2020, substituted “Georgia Installment Loan Act” for “Georgia Industrial Loan Act” in paragraph (a)(12). The second 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted “Nationwide Multistate Licensing System and Registry” for “Nation-wide Multistate Licensing System and Registry” in the second sentence of paragraph (a)(3).
The 2021 amendment, effective July 1, 2021, substituted “Any agency, division, or instrumentality of: the federal government of the United States of America; the government of the State of Georgia; the government of any other state of the United States; or any county or municipal of the State of Georgia. This includes, but is not limited to,” for “The United States of America, the State of Georgia or any other state, and any agency, division, or corporate instrumentality of any governmental entity, including without limitation:” at the beginning of paragraph (a)(9).
The 2022 amendments.
The first 2022 amendment, effective July 1, 2022, substituted “salesperson; provided, however, that” for “salesperson; however,” in paragraph (a)(6), rewrote paragraph (a)(17), substituted “; or” for a period at the end of subparagraph (a)(18)(B), added paragraph (a)(19); and added subsection (d). The second 2022 amendment, effective May 2, 2022, part of an Act to revise, modernize, and correct the Code, substituted “instrumentality of the” for “instrumentality of: the” in paragraph (a)(9).
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1993, a semicolon was substituted for a period at the end of paragraph (6) of subsection (a) (now paragraph (a)(8)).
Pursuant to Code Section 28-9-5, in 2000, “Code section” was substituted for “subsection” in the first sentence in paragraph (2) (now paragraph (a)(2)).
Law reviews.
For annual survey on real property, see 65 Mercer L. Rev. 233 (2013).

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