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- Loans And Discounts
- Loans extended to any Industrial Development Authority domiciled in Georgia which are dependent upon revenues obtained under an assigned lease contract naming the Authority, as lessor shall be considered as loans to the lessee in calculating legal loan limitations. Loans by a bank to any wholly-owned subsidiary of the bank,...
- White papers 2003-08-12
- Sale Of Annuities By Financial Institutions
- Fixed and variable annuities may be sold by financial institutions in Georgia, subject to Regulations of the Department of Banking and Finance, regulations of the Department of Insurance and other applicable law. Financial institutions may sell or market fixed and variable annuities through state licensed insurance/annuity agents. The agents may...
- White papers 2001-08-24
- Dividends And Management Fees
- The Board of Directors of any state-chartered bank in the State may declare and the bank may pay cash dividends on its outstanding capital stock without any requirement to notify the Department or request the approval of the Department. The aggregate amount of dividends declared or anticipated to be declared...
- White papers
- Shares, Deposits And Dividends
- Any credit union certificates, from time to time as determined by its board of Directors, issues and executes deposit contracts in the form of Member Deposit Certificates whereby the credit union agrees to pay a guaranteed rate of interest to the depositor which may be less than, equal to, or...
- White papers 2003-08-29
- Sale Of Insurance By Financial Institutions
- Financial institutions may sell or market insurance through state licensed insurance agents. The agents may be either employees of the financial institution or independent agents who have contracted with the financial institution to sell insurance. Prior approval of the Department of Banking and Finance is not required for a financial...
- White papers 2001-08-24
- Investment Of Credit Funds
- No credit union chartered by the State of Georgia shall invest its funds which are not used in loans in any bank, building and loan association, savings and loan association, or credit union in an amount exceeding five percent of the total deposits of the bank, building and loan association,...
- White papers 2001-11-06
- Investment Of Credit Funds II
- No credit union chartered by the State of Georgia shall invest its funds which are not used in loans in any bank, building and loan association, savings and loan association, or credit union in an amount exceeding five percent of the total deposits of the bank, building and loan association,...
- White papers 2001-11-06
- Surety Bond Coverage
- The Board of Directors of each credit union shall review the bond coverage annually in order to ascertain its adequacy in relation to the exposure and to the minimum requirements fixed from time to time by the Commissioner. All surety bonds must provide for faithful-performance-of-duty coverage for any officer or...
- White papers 2001-08-24
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