The Department of Banking and Finance Adopts Final Rules 7-12-2024

On Friday, July 12, 2024, the Department adopted Final Rules. The Rules were filed with the Secretary of State on July 12, 2024, and, pursuant to O.C.G.A. § 50-13-6, will be effective on August 1, 2024, which is twenty (20) days following the filing of the Rules with the Secretary of State.

Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on June 6, 2024. The Department received one written comment regarding the proposed Rules. The Department fully considered the comment letter it received and did not make any revisions to the rules. The Department believes that the Rules as adopted encourage safety and soundness, encourage safe and fair mortgage lending, and conform to the law.

To view or download a copy of the Final Rules, go to the DBF Regulations page on the Department’s website at https://dbf.georgia.gov/laws-regulations-rulings-publications/dbf-regulations and select the appropriate link for the Final Rules, OR you may access them directly from the link below.

• 2024 DBF Final Rulemaking 7.12.24.pdf