§ 7-5-1. Short Title

This chapter shall be known and may be cited as “The Credit Card and Credit Card Bank Act.” History. Code 1981, § 7-5-1 , enacted by Ga. L. 1987, p. 268, § 1.

§ 7-5-2. Definitions

As used in this chapter, the term: “Affiliate” means the same as that set forth in paragraph (1) of Code Section 7-1-4. “Commissioner” and “department” shall have the meanings provided in paragraphs (13) and (16) of Code Section 7-1-4. “Credit card” means any type of arrangement or loan agreement pursuant to which a domestic lender […]

§ 7-5-3. Organization of Credit Card Banks

Subject to the provisions of this chapter and to the approval of the commissioner, any domestic lender, foreign lender, or holding company may organize, own, and control a credit card bank on the terms and conditions provided in this Code section: If the credit card bank is to be organized under the laws of this […]

§ 7-5-4. Credit Card Charges and Fees

Notwithstanding the provisions of any other law prescribing, regulating, or limiting interest rates, any domestic lender or credit card bank may charge and collect in connection with a credit card account: Finance charges at such periodic interest rate or rates computed or imposed on the outstanding balances on the credit card account in any manner […]

§ 7-5-5. Regulation of Credit Card Banks; Enforcement; Rules and Regulations

All credit card banks organized under the laws of this state shall be subject to the supervision, regulation, and examination of the department, and the department shall have all enforcement powers with respect thereto as are provided in Chapter 1 of this title. In the event any credit card bank does not conduct its activities […]

§ 7-5-6. Applicability of Banking Laws

A credit card bank shall be subject to the provisions of Chapter 1 of this title except when any rights, powers, privileges, or provisions of Chapter 1 of this title are inconsistent with the rights, powers, privileges, provisions, or limitations of this chapter. A credit card bank shall not be considered a bank for purposes […]