Any rule, regulation, order, or administrative directive issued by a state official, agency, or entity which is intended to be applicable to banks, banking associations, bank holding companies, savings and loan associations, credit unions, or companies engaged in selling money orders or any other company or financial institution under the supervision of the commissioner and required to report to the commissioner or subject to rules and regulations issued by the commissioner shall be effective as to any such company or financial institution only after the rule, regulation, order, or other directive has been approved in writing by the commissioner. Nothing in this Code section shall be construed to modify, limit, or otherwise restrict the authority of the department to conduct an examination, bring a civil or administrative action, or otherwise enforce state or federal laws against a financial institution.
History. Code 1933, § 41A-318, enacted by Ga. L. 1979, p. 950, § 1; Ga. L. 2016, p. 390, § 7-3/HB 811.
Structure Georgia Code
Chapter 1 - Financial Institutions
Part 3 - Operations of Department of Banking and Finance
§ 7-1-60. General Scope of Supervision
§ 7-1-61. Rules and Regulations
§ 7-1-62. Accounting Procedures
§ 7-1-63. Retention of Records
§ 7-1-65. Examinations and Investigations on Request
§ 7-1-66. Method of Examination and Investigations; Special Examiners; Subpoenas
§ 7-1-67. Reports of Examinations
§ 7-1-68. Reports to Department; Penalty for Noncompliance
§ 7-1-69. Retention of Reports
§ 7-1-70. Disclosure of Information
§ 7-1-71. Removal of Officers, Directors, or Employees
§ 7-1-72. Regulation of Persons Performing Services for Financial Institutions
§ 7-1-73. Regulation of Affiliates
§ 7-1-74. Annual Report of Department
§ 7-1-75. Discretion of Department
§ 7-1-77. Approval by Commissioner of State Rules and Regulations Affecting Financial Institutions
§ 7-1-78. Agreements With Other Supervisory or Regulatory Authorities
§ 7-1-79. Discretionary Expedited Approval Process; Considerations