GA HB945

Financial institutions may place holds on accounts of eligible adults (persons 65+ or disabled adults 18+) for up to 15 business days when suspected financial exploitation is detected, with possible 15-day extension; institutions must notify account holders and trusted contacts within 3 business days and are granted immunity from liability for good-faith actions

Virtual currency kiosk operators must provide extensive customer disclosures including fraud warnings, obtain government ID, cap fees at 18% of transaction amounts, limit daily transactions to $2,500 for new customers and $10,000 for existing customers, and issue full refunds to defrauded new customers within 72 hours

Litigation financiers must register through the Nationwide Multistate Licensing System and Registry, undergo criminal background checks, renew registrations annually by December 1, display unique identifiers on agreements, and face cease and desist orders and civil penalties up to $1,000 per day for violations

Banks and trust companies involved in mergers resulting in non-department-chartered institutions must notify the Department of Banking and Finance, which may object to transactions before consummation

Licensing exemptions for installment loans expanded to include wholly owned subsidiaries of federally insured financial institutions, and independent credit report requirements from consumer reporting agencies are removed for various license applications