GA SB465 | 2017-2018 | Regular Session
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on February 21 2018 - 25% progression, died in committee
Action: 2018-02-21 - Senate Read and Referred
Pending: Senate Banking and Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 21 2018 - 25% progression, died in committee
Action: 2018-02-21 - Senate Read and Referred
Pending: Senate Banking and Financial Institutions Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A BILL to be entitled an Act to amend Chapter 4 of Title 7 of the Official Code of Georgia Annotated, relating to interest and usury, so as to exempt any charge for a letter of credit from being classified as interest; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
Title
Interest and Usury; letter of credit from being classified as interest; exempt any charge
Sponsors
| Sen. Ellis Black [R] | Sen. Brandon Beach [R] | Sen. David Shafer [R] | Sen. Frank Ginn [R] |
| Sen. John Wilkinson [R] | Sen. Michael Dugan [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-21 | Senate | Senate Read and Referred |
| 2018-02-21 | Senate | Senate Hopper |
Georgia State Sources
| Type | Source |
|---|---|
| Summary | https://www.legis.ga.gov/legislation/53149 |
| Text | https://www.legis.ga.gov/api/legislation/document/20172018/174471 |
