GA SB548

Amends Georgia Code Section 16-9-59 to exempt certain for-profit credit repair organizations from the state's "credit repair services organization" definition if they meet specified consumer protection requirements

Requires qualifying organizations to obtain a $50,000 bond filed with the Attorney General's office, which must remain in place for at least one year after ceasing operations in Georgia to cover fines or damages

Mandates written contracts disclosing services provided and monthly fees, along with an information statement notifying buyers of their right to dispute credit report items independently

Requires organizations to only challenge items the buyer affirms are unfair, inaccurate, or unsubstantiated, and must disclose bond surety information

Buyers must receive a cancellation notice with the right to rescind within 10 business days and cancel services at any time, with a preprinted cancellation form included