SPECIAL BULLETIN: Department of Banking and Finance Adopts Final Rules

FOR IMMEDIATE RELEASE
Friday, December 20, 2019

On Friday, December 20, 2019, the Department adopted Final Rules. The Rules were filed with the Secretary of State on December 20, 2019, and, pursuant to O.C.G.A. § 50-13-6, will be effective on January 9, 2020, 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 November 18, 2019. The Department received three written comments regarding the proposed Rules. The Department fully considered the comments and made substantive revisions to Rules 80-11-1-.01 and 80-11-5-.09. The Department believes that the Rules as adopted encourage safety 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/dbf-regulations and select the appropriate link for the Final Rules, OR you may access them directly from https://dbf.georgia.gov/documents/2019-dbf-final-rulemaking-12-20-2019.