O.C.G.A.
O.C.G.A.

O.C.G.A. § 7-1-1015 (2019)

Rules relative to escrow accounts

✓ O.C.G.A.: 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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The department may promulgate rules with respect to the placement in escrow accounts by any person required to be licensed by this article of any money, fund, deposit, check, or draft entrusted to it by any persons dealing with it as a residential mortgage loan originator, mortgage broker, mortgage lender, or servicer.

History

Code 1981, § 7-1-1015, enacted by Ga. L. 1993, p. 543, § 1; Ga. L. 2009, p. 252, § 1/HB 312; Ga. L. 2024, p. 354, § 1-32/HB 876, effective July 1, 2024.

Amendments. The 2024 amendment, effective July 1, 2024, deleted “or registered” following “licensed” near the middle of the Code section.