Consumer & commercial lending in Georgia

Who needs this in Georgia

A company that makes consumer loans to Georgia residents generally needs a industrial loan or installment-lender license (confirm category) from Georgia Department of Banking and Finance when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute — confirm before you treat a business loan as unlicensed.

Where to file

Georgia’s Industrial Loan Act and other DBF authorities are product-specific. File the category that matches the loan, not a generic “lender” label. File in Georgia because the borrower lives there, not because your office does.

Federal overlay

TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.

Sources

• NMLS / CSBS state agency contacts