TITLE 7 BANKING AND FINANCE

Section 1. Financial Institutions, 7-1-1 through 7-1-1021.

ARTICLE 4A CASHING OF PAYMENT INSTRUMENTS

7-1-704.1. Posting of license; license is nontransferable and nonassignable; notification of new facilities.

1. A license issued pursuant to this article shall be kept conspicuously posted in the place of business of the licensee.
2. Such license shall not be transferable or assignable.
3. No licensee shall cash payment instruments under any name or names other than those authorized by the department in writing.
4. A licensee shall give written notice to the department prior to the operation of any new or additional locations not reported in either its original or renewal application which notice shall be in such form and contain such information as required by the department.

(Code 1981, §7-1-704.1, enacted by Ga. L. 2014, p. 251, § 2/HB 982; Ga. L. 2015, p. 344, § 30/HB 184.)

The 2015 amendment, effective July 1, 2015, substituted the present provisions of subsection (d) for the former provisions, which read: "A licensee shall give written notice to the department of its intent to operate any new or additional locations not reported in either its original or renewal application. The required notice shall be provided to the department no later than 30 days after the licensee first cashed a payment instrument at any new or additional location.".