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

O.C.G.A. § 7-1-611 (2019)

Penalties for violations

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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Any bank, bank holding company, or company (as defined in Code Section 7-1-605) which violates subsection (a) of Code Section 7-1-601 or any provision of Code Section 7-1-602, Code Section 7-1-603, or Code Sections 7-1-605 through 7-1-608 shall be subject to civil monetary penalties of not less than $500.00 nor more than $5,000.00 unless it shall cease and desist therefrom within 60 days after notice of any such violation served on it by the department. Each day on which such violation occurs shall constitute a separate offense.

History

Code 1933, § 13-9938, enacted by Ga. L.

1960, p. 67, § 8; Ga. L. 2000, p. 136, § 7; Ga. L. 2016, p. 390, § 7-14/HB 811.

Annotations

The 2016 amendment, effective July 1, 2016, substituted "shall be subject to civil monetary penalties of" for "shall, upon conviction, be fined" in the first sentence of this Code section.

RESEARCH REFERENCES

C.J.S. - 9 C.J.S., Banks and Banking, § 32.