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Georgia Installment Lenders Association

The premier trade association for consumer lending in Georgia.

New Rules from Dept. of Banking & Finance

Questions

Please be patient with us.  The Department of Banking & Finance has not given GILA any information regarding changes to procedures, etc.
The Department of Banking & Finance will contact ALL licensees concerning any change in procedure.
GILA will send out any information that we receive as soon as we receive it.

Loan Manager School

The Department of Banking and Finance has instructed us that the Norman Kinsler Loan Manager Schools are no longer required.

GILA LOAN MANAGER SCHOOLS HAVE BEEN CANCELED.

If you are already registered to attend the August or September class, you will receive a refund of your fees.


               Information from the
 Department of Banking and Finance

1. Letter concerning Electronic Installment Loan Transactions

2. Get more information from the Department of Bank and Finance HERE


Important: Changes in the New Installment Lending Act

Attention All Members,

Attached are changes in the new Georgia Installment Lending Act vs. the original Georgia Industrial Loan Act.

There are important requirements of all licensed installment lenders in Georgia that must be complied with this year and all years going forward.

The Legislative Committee will send regular communications to help all members comply with the new regulations and licensing criteria.

Please check your email and the GILA Association website frequently for updates and correspondence with the Banking Dept. Find the changes under the "Read More" tab below.

Follow these instructions on how to use the active links in the document:

Red headers are deletions in the original GILA act.

The blue headers are rules and regulations per the new Georgia Installment Lenders Act.

Place the cursor on the blue header. Press Control and Click. The link will take you to the section of the New GILA Act that applies to the old version.

Thank you for your continued support of our industry and association!

Rob Robinson, Legislative Chair

GILA has received the Executive Order from Governor Kemp regarding Shelter at Home and Essential Businesses.

Governor Kemp's Executive Order

Financial Services Sector Essential Critical Infrastructure Workers from the Department of the Treasury