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GA HB1314

Bill

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Marvin Lim

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Licensed installment lenders must disclose to borrowers whether a loan will be reported to a credit reporting agency

  • Amends Article 2 of Chapter 3 of Title 7 of the Official Code of Georgia Annotated, which governs operating procedures for installment lenders

  • Effective date of July 1, 2026

  • Applies only to installment loans entered into on or after the effective date

Legislative Description

Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency

Last Action

House Committee Favorably Reported

2/26/2026

Committee Referrals

Banks and Banking2/17/2026

Full Bill Text

No bill text available