COMMUNITY BANKERS ASSOCIATION OF GEORGIA
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ADVOCACY UPDATE




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Banking Committee Updates

2/22/2019

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Both the Senate Banking & Financial Institutions Committee and the House Banks & Banking Committee held meetings this week.  
 
SB 37—Statute of Frauds by Sen. William T. Ligon, Jr. (R), Brunswick, was heard by the Senate Banking Committee on Tuesday.  The author of the bill made changes to the proposed bill in an effort to mitigate concerns raised at the previous committee meeting.  However, several concerns remained after the discussion of the changes.  The Committee ran out of time to hear testimony of all that had signed up on the bill; however, the author of the bill promised to continue working on perfecting the language to satisfy the remaining concerns.
 
HB 185—Financial Institutions, by Rep. Bruce Williamson (R), Monroe, was voted upon by the House Banks & Banking Committee.  The bill received a do pass motion from the Committee on Wednesday.  CBA will continue to monitor the progress of the bill.
 
HB 193—Banking and Finance,
by Rep. Emory Dunahoo (R), Gainesville, relating to the savings promotion raffles offered by state-charted banks and credit unions was voted upon by the House Banks & Banking Committee.  The bill received a do pass motion from the Committee on Wednesday.  A request has been made to amend the bill to clarify that consumers should not have to pay a fee in order to participate in the raffle.  CBA will continue to monitor the progress of the bill. 

HB 212–Manufactured Homes 
relating to exemptions for retailers, retail brokers of manufactured homes or mobile homes from a mortgage lender and broker license was heard by the House Banks & Banking Committee.  As drafted, CBA has concerns with this bill as it may have a significant, negative impact to the Department of Banking & Finance.  However, the author of the bill and the Department of Banking & Finance have been in discussions and an amendment to the bill will be made.  The author promised to have an amended bill at the next committee meeting.  CBA will continue to monitor this bill. ​

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    Lori Godfrey
    EVP, Chief of Staff, Government & Regulatory Relations
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  • HOME
  • ABOUT CBA
    • Board of Directors
    • CBA Committees
    • LEAD Division
    • Office Directions & Hours
    • Our Team
    • Privacy Policy
    • Remembering Julian Hester
  • MEMBERSHIP
    • Member Login
    • Associate Members >
      • Associate Member Benefits & Application
      • Associate Member Directory >
        • Company Listing Update
    • Bank Members >
      • Member Benefits
      • Member Bank Directory >
        • Bank Listing Update
      • Lifetime Service Awards
    • Preferred Service Providers
    • ADVERTISING & SPONSORSHIP OPPORTUNITIES
    • Resources >
      • CBA Legal Hotline
      • CBA Career Center
      • CBA Wellness Solutions
      • April is Community Banking Month
      • Marketing Resources
      • Useful Websites
  • PROFESSIONAL DEVELOPMENT
    • Community Bankers College
    • Programs >
      • Calendar
      • Programs by Functional Category
      • Webinars
      • Banker Regulatory Forum
      • Barret School of Banking
      • Community Bank Leadership Academy
      • Compliance Professionals Package
      • Connect (Convention)
      • Executive Channel
      • HR & Talent Development League
      • WINSPIRE - Women in Banking
    • Resources >
      • Cancellation Policies & Facility Maps
      • Compliance Resources
      • Disaster & Pandemic Support & Preparedness
      • FDIC Regulatory Calendar
      • Financial Literacy
      • Speakers
    • Scholarships/Student Development >
      • Julian & Jan Hester Scholarship
      • McNair Scholarship
      • Walraven Scholarship
      • Rise Up - College Student Development Program
  • PUBLICATIONS
    • Advocacy Update
    • Education Buzz
    • eNewsletter - CBA Today
    • Georgia Communities First Magazine
    • Georgia Financial Directory
    • Innovation Circuit
    • Peachy Posts
    • Swaggin Wagon Adventures
  • ADVOCACY
    • Programs >
      • Clay Shoot
      • TopGolf Tournaments
      • Town Hall Talks
    • Advocacy Fund >
      • T-Shirt Advocacy Fundraiser
      • Corporate Donations
      • Individual Donations
    • Advocacy Update
    • ICBA Plan for Prosperity
    • Locate Your Legislator
    • Priority Legislation SB 157 >
      • SB 157 Survey
    • SBA/PPP Resources >
      • THE CARES ACT & SBA LENDING
      • Paycheck Protection Program
      • PSP & Associate Member Support During Covid-19
    • Silent Auction Items