In order to determine compliance with Georgia law on deposit concentration limits or other areas of state compliance, reporting by out-of-state banks may be required by the commissioner.
History. Code 1981, § 7-1-628.12 , enacted by Ga. L. 1996, p. 279, § 2; Ga. L. 2021, p. 323, § 28/HB 111.
The 2021 amendment, effective July 1, 2021, deleted the former first sentence, which read: “The commissioner may require an out-of-state state bank that maintains or seeks to establish a branch in this state to submit to the department its consolidated reports of condition and income in the form specified by the Federal Financial Institutions Examination Council.”, and substituted “compliance, reporting by out-of-state banks” for “compliance, other reporting of banks” near the end.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
Part 20 - Interstate Banking and Branching by Merger
§ 7-1-628. Purpose and Scope of Part
§ 7-1-628.2. Mergers Permitted; Applicable Provisions
§ 7-1-628.3. Prohibited Interstate Merger Transactions
§ 7-1-628.4. Permissible Interstate Merger Transactions
§ 7-1-628.6. Powers of Out-of-State Banks Branching Into Georgia
§ 7-1-628.7. Examinations and Reports; Powers of Commissioner
§ 7-1-628.8. Restrictions on De Novo Branches
§ 7-1-628.10. Enforcement Actions by Commissioner
§ 7-1-628.11. Regulations; Administrative Fees
§ 7-1-628.12. Reporting by of Out-of-State Banks