Banking and finance; update terminology; revise procedures; provisions
This bill amends various titles related to banking and finance, revising terminology and procedures for banks and credit unions. Key changes include the approval process for banks and adjustments to loan procedures.
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HB 876 — Banking and finance; update terminology; revise procedures; provisions
Last action — Effective Date
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 08, 2024. Enacted.
Signed by Governor Brian Kemp (Republican) on April 23, 2024.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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6 sponsors
6 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (6 R).
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Cleared a recorded vote
Passed 2 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill updates banking and finance terminology and procedures in Georgia law.
This bill amends various titles related to banking and finance, revising terminology and procedures for banks and credit unions. Key changes include the approval process for banks and adjustments to loan procedures.
Summary
A BILL to be entitled an Act to amend Titles 7, 10, and 53 of the O.C.G.A., relating to banking and finance, commerce and trade, and wills, trusts, and administration of estates, respectively, so as to update terminology; to revise procedures concerning incorporators of banks and trust companies; to revise requirements of articles of incorporation of banks and trust companies; to revise procedures concerning approval of banks and trust companies; to revise provisions concerning certain loans made by credit unions; to remove a requirement that certain mortgage brokers register with the Department of Banking and Finance; to provide for certain requirements of foreign banks; to provide for refund of installment loan closing fees; to revise requirements of merchant acquirer limited purpose banks; to provide for exceptions; to revise the definition of bona fide discount points; to conform cross-references; to provide for effective dates; to provide for related matters; to repeal conflicting laws; and for other purposes.
Bill Text
We don't have the full text on file for this bill yet.
Read HB 876 on the official Georgia source →Action History
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Effective Date
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Act 474
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House Date Signed by Governor
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House Sent to Governor
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Senate Passed/Adopted
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Senate Third Read
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Senate Read Second Time
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Senate Committee Favorably Reported
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Senate Read and Referred
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House Passed/Adopted
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House Third Readers
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House Committee Favorably Reported
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House Second Readers
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House First Readers
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House Hopper
Sponsors
- Bruce Williamson · Primary
- Jr. Noel Williams · Primary
- Robert Dickey · Primary
- Will Wade · Primary
- Johnny Chastain · Primary
- Carter Barrett · Primary
Sponsorship breakdown
Export CSV (upgrade) →6 sponsors · 0 co-sponsors · 241 not signed on
Sponsors (6)
- Bruce Williamson Republican
- Noel Williams, Jr. Republican
- Robert Dickey Republican
- Will Wade Republican
- Johnny Chastain Republican
- Carter Barrett Republican
Co-sponsors (0)
None.
Not signed on (241)
241 members have not signed on to this bill.
Show all 241 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 25 | 0 | 0 | 4 |
| Unaffiliated | 8 | 0 | 0 | 2 |
| Democrat | 15 | 0 | 0 | 2 |
| Total | 48 | 0 | 0 | 8 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (56)
| Member | Party | Vote |
|---|---|---|
| ANDERSON | — | Yea |
| ANDERSON | — | Yea |
| BUTLER | — | Yea |
| JONES | — | Yea |
| MOORE | — | Yea |
| SEAY | — | Not Voting |
| TATE | — | Not Voting |
| WATSON | — | Yea |
| WATSON | — | Yea |
| ISLAM PARKES | — | Yea |
| David Lucas | Democrat | Yea |
| Derek Mallow | Democrat | Yea |
| Donzella James | Democrat | Yea |
| Ed Harbison | Democrat | Yea |
| Elena Parent | Democrat | Yea |
| Freddie Powell Sims | Democrat | Yea |
| Gail Davenport | Democrat | Yea |
| Harold Jones II | Democrat | Not Voting |
| Jason Esteves | Democrat | Yea |
| Josh McLaurin | Democrat | Yea |
| Kim Jackson | Democrat | Not Voting |
| Michael 'Doc' Rhett | Democrat | Yea |
| Nan Orrock | Democrat | Yea |
| Nikki Merritt | Democrat | Yea |
| Sally Harrell | Democrat | Yea |
| Sheikh Rahman | Democrat | Yea |
| Sonya Halpern | Democrat | Yea |
| Bill Cowsert | Republican | Yea |
| Billy Hickman | Republican | Yea |
| Blake Tillery | Republican | Yea |
| Bo Hatchett | Republican | Yea |
| Brandon Beach | Republican | Yea |
| Brian Strickland | Republican | Yea |
| Carden Summers | Republican | Yea |
| Chuck Hufstetler | Republican | Not Voting |
| Chuck Payne | Republican | Yea |
| Clint Dixon | Republican | Yea |
| Drew Echols | Republican | Yea |
| Ed Setzler | Republican | Not Voting |
| Frank Ginn | Republican | Yea |
| Greg Dolezal | Republican | Yea |
| Jason Anavitarte | Republican | Yea |
| John Albers | Republican | Yea |
| John F. Kennedy | Republican | Yea |
| Kay Kirkpatrick | Republican | Yea |
| Larry Walker, III | Republican | Yea |
| Marty Harbin | Republican | Yea |
| Matt Brass | Republican | Not Voting |
| Max Burns | Republican | Yea |
| Mike Hodges | Republican | Yea |
| Randy Robertson | Republican | Not Voting |
| Rick Williams | Republican | Yea |
| Russ Goodman | Republican | Yea |
| Shawn Still | Republican | Yea |
| Steve Gooch | Republican | Yea |
| Timothy Bearden | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 51 | 0 | 0 | 9 |
| Unaffiliated | 36 | 0 | 0 | 3 |
| Republican | 77 | 0 | 0 | 4 |
| Total | 164 | 0 | 0 | 16 |
| % of votes cast | 91% | 0% | 0% | 9% |
How each member voted (180)
| Member | Party | Vote |
|---|---|---|
| ANDERSON | — | Yea |
| ANULEWICZ | — | Yea |
| BEVERLY | — | Yea |
| BRUCE | — | Yea |
| CAMPBELL | — | Yea |
| CAMPBELL | — | Yea |
| CANNON | — | Yea |
| CANNON | — | Yea |
| CLARK | — | Yea |
| CLARK | — | Yea |
| COLLINS | — | Yea |
| DANIEL | — | Yea |
| VACANT | — | Not Voting |
| FRAZIER | — | Yea |
| HOUSTON | — | Yea |
| JONES | — | Yea |
| JONES | — | Yea |
| JONES | — | Yea |
| KENNARD | — | Yea |
| KNIGHT | — | Yea |
| LOTT | — | Yea |
| MAINOR | — | Yea |
| MARIN | — | Yea |
| MOORE | — | Yea |
| MUGHAL | — | Yea |
| PIRKLE | — | Yea |
| RIDLEY | — | Yea |
| RIDLEY | — | Yea |
| SMITH | — | Yea |
| SMITH | — | Yea |
| SMITH | — | Yea |
| SMITH | — | Yea |
| VACANT | — | Not Voting |
| STONER | — | Not Voting |
| TAYLOR | — | Yea |
| TAYLOR | — | Yea |
| THOMAS | — | Yea |
| THOMAS | — | Yea |
| VANCE | — | Yea |
| Anne Allen Westbrook | Democrat | Yea |
| Betsy Holland | Democrat | Yea |
| Billy Mitchell | Democrat | Yea |
| Brian Prince | Democrat | Yea |
| Carl Gilliard | Democrat | Not Voting |
| Carolyn Hugley | Democrat | Yea |
| Dar'shun Kendrick | Democrat | Yea |
| David Sampson | Democrat | Not Voting |
| David Wilkerson | Democrat | Yea |
| Debbie Buckner | Democrat | Yea |
| Debra Bazemore | Democrat | Yea |
| Demetrius Douglas | Democrat | Yea |
| Dewey McClain | Democrat | Yea |
| Dexter Sharper | Democrat | Yea |
| Doreen Carter | Democrat | Yea |
| El-Mahdi Holly | Democrat | Yea |
| Eric Bell | Democrat | Yea |
| Esther Panitch | Democrat | Not Voting |
| Gabe Okoye | Democrat | Yea |
| Imani Barnes | Democrat | Yea |
| Inga Willis | Democrat | Yea |
| Karen Bennett | Democrat | Yea |
| Karen Lupton | Democrat | Yea |
| Karla Drenner | Democrat | Yea |
| Karlton Howard | Democrat | Yea |
| Kim Jackson | Democrat | Yea |
| Kim Jackson | Democrat | Yea |
| Kim Jackson | Democrat | Yea |
| Kim Schofield | Democrat | Not Voting |
| Kimberly Alexander | Democrat | Yea |
| Long Tran | Democrat | Yea |
| Lydia Glaize | Democrat | Yea |
| Lynn Heffner | Democrat | Yea |
| Marvin Lim | Democrat | Yea |
| Mary Oliver | Democrat | Yea |
| Michelle Au | Democrat | Yea |
| Miriam Paris | Democrat | Yea |
| Omari Crawford | Democrat | Yea |
| Patty Marie Stinson | Democrat | Not Voting |
| Phil Olaleye | Democrat | Yea |
| Regina Lewis-Ward | Democrat | Yea |
| Rhonda Burnough | Democrat | Yea |
| Ruwa Romman | Democrat | Yea |
| Saira Draper | Democrat | Yea |
| Sam Park | Democrat | Yea |
| Sandra Scott | Democrat | Not Voting |
| Scott Holcomb | Democrat | Not Voting |
| Segun Adeyina | Democrat | Yea |
| Sharon Henderson | Democrat | Not Voting |
| Shea Roberts | Democrat | Yea |
| Shelly Hutchinson | Democrat | Yea |
| Solomon Adesanya | Democrat | Yea |
| Spencer Frye | Democrat | Yea |
| Stacey Evans | Democrat | Yea |
| Stacey Evans | Democrat | Yea |
| Tanya Miller | Democrat | Yea |
| Terry Cummings | Democrat | Not Voting |
| Tremaine Reese | Democrat | Yea |
| Viola Davis | Democrat | Yea |
| Yasmin Neal | Democrat | Yea |
| Alan Powell | Republican | Yea |
| Beth Camp | Republican | Yea |
| Bethany Ballard | Republican | Yea |
| Bill Hitchens | Republican | Yea |
| Bill Werkheiser | Republican | Yea |
| Bill Yearta | Republican | Yea |
| Bo Hatchett | Republican | Yea |
| Brent Cox | Republican | Yea |
| Bruce Williamson | Republican | Yea |
| Buddy DeLoach | Republican | Yea |
| Butch Parrish | Republican | Yea |
| Carter Barrett | Republican | Yea |
| Charles Martin | Republican | Yea |
| Charlice Byrd | Republican | Yea |
| Chris Erwin | Republican | Yea |
| Chuck Efstration | Republican | Yea |
| Clint Crowe | Republican | Not Voting |
| Dale Washburn | Republican | Yea |
| Danny Mathis | Republican | Yea |
| David Huddleston | Republican | Yea |
| David Jenkins | Republican | Yea |
| Deborah Silcox | Republican | Yea |
| Derrick McCollum | Republican | Yea |
| Devan Seabaugh | Republican | Not Voting |
| Don Parsons | Republican | Not Voting |
| Eddie Lumsden | Republican | Yea |
| Emory Dunahoo | Republican | Yea |
| Gerald Greene | Republican | Yea |
| Ginny Ehrhart | Republican | Yea |
| Holt Persinger | Republican | Yea |
| Houston Gaines | Republican | Yea |
| James Burchett | Republican | Yea |
| Jesse Petrea | Republican | Yea |
| John Carson | Republican | Yea |
| John Corbett | Republican | Yea |
| John LaHood | Republican | Yea |
| Johnny Chastain | Republican | Yea |
| Joseph Gullett | Republican | Yea |
| Josh Bonner | Republican | Yea |
| Karen Mathiak | Republican | Yea |
| Kasey Carpenter | Republican | Yea |
| Katie Dempsey | Republican | Yea |
| Kimberly New | Republican | Yea |
| Lauren McDonald III | Republican | Yea |
| Lee Hawkins | Republican | Yea |
| Leesa Hagan | Republican | Yea |
| Lehman Franklin | Republican | Yea |
| Mandi Ballinger | Republican | Yea |
| Marcus Wiedower | Republican | Yea |
| Mark Newton | Republican | Yea |
| Martin Momtahan | Republican | Yea |
| Matt Barton | Republican | Yea |
| Matt Dubnik | Republican | Yea |
| Matt Reeves | Republican | Yea |
| Matthew Gambill | Republican | Yea |
| Max Burns | Republican | Not Voting |
| Mike Cameron | Republican | Yea |
| Mike Cheokas | Republican | Yea |
| Mitchell Horner | Republican | Yea |
| Mitchell Scoggins | Republican | Yea |
| Noel Williams, Jr. | Republican | Yea |
| Reynaldo Martinez | Republican | Yea |
| Rick Jasperse | Republican | Yea |
| Rick Townsend | Republican | Yea |
| Rick Williams | Republican | Yea |
| Rick Williams | Republican | Yea |
| Rob Leverett | Republican | Yea |
| Robert Dickey | Republican | Yea |
| Ron Stephens | Republican | Yea |
| Scott Hilton | Republican | Yea |
| Sharon Cooper | Republican | Yea |
| Shaw Blackmon | Republican | Yea |
| Soo Hong | Republican | Yea |
| Stan Gunter | Republican | Yea |
| Steve Tarvin | Republican | Yea |
| Steven Meeks | Republican | Yea |
| Steven Sainz | Republican | Yea |
| Tim Fleming | Republican | Yea |
| Trey Kelley | Republican | Yea |
| Trey Rhodes | Republican | Yea |
| Will Wade | Republican | Yea |
Subjects
Frequently asked questions
- What does HB 876 do?
- A BILL to be entitled an Act to amend Titles 7, 10, and 53 of the O.C.G.A., relating to banking and finance, commerce and trade, and wills, trusts, and administration of estates, respectively, so as to update terminology; to revise procedures concerning incorporators of banks and trust companies; to revise requirements of articles of incorporation of banks and trust companies; to revise procedures concerning approval of banks and trust companies; to revise provisions concerning certain loans made by credit unions; to remove a requirement that certain mortgage brokers register with the Department of Banking and Finance; to provide for certain requirements of foreign banks; to provide for refund of installment loan closing fees; to revise requirements of merchant acquirer limited purpose banks; to provide for exceptions; to revise the definition of bona fide discount points; to conform cross-references; to provide for effective dates; to provide for related matters; to repeal conflicting laws; and for other purposes.
- Who sponsors HB 876?
- HB 876 is sponsored by Bruce Williamson (Republican), Noel Williams, Jr. (Republican), Robert Dickey (Republican), Will Wade (Republican), Johnny Chastain (Republican), and Carter Barrett (Republican).
- What is the current status of HB 876?
- This bill has been enacted into law. Introduced January 08, 2024. Enacted.
- Where can I track HB 876?
- Track HB 876 free on One Click Politics — get push/email alerts when it moves.
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