Any bank, bank holding company, or company (as defined in Code Section 7-1-605) which violates subsection (a) of Code Section 7-1-601 or any provision of Code Section 7-1-602, Code Section 7-1-603, or Code Sections 7-1-605 through 7-1-608 shall be subject to civil monetary penalties of not less than $500.00 nor more than $5,000.00 unless it shall cease and desist therefrom within 60 days after notice of any such violation served on it by the department. Each day on which such violation occurs shall constitute a separate offense.
History. Code 1933, § 13-9938, enacted by Ga. L. 1960, p. 67, § 8; Ga. L. 2000, p. 136, § 7; Ga. L. 2016, p. 390, § 7-14/HB 811.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 18 - Bank Branches, Offices, Facilities, and Holding Companies
§ 7-1-602. Applications for Branch Offices
§ 7-1-604. Banking Business Prohibited Except as Allowed by Title 7 or Applicable Federal Law
§ 7-1-605. Bank Holding Companies — Definitions; When Company Deemed to Control Shares
§ 7-1-609. Civil Actions by Department to Enforce Part
§ 7-1-610. National Bank Rights
§ 7-1-611. Penalties for Violations
§ 7-1-612. Power of Banks to Contract With Other Banks for Trust Services