TITLE 7 BANKING AND FINANCE

Section 9. Georgia Merchant Acquirer Limited Purpose Bank, 7-9-1 through 7-9-13.

ARTICLE 2 RESIDENTIAL SECOND MORTGAGES

7-9-6. Information to be included on charter application.

1. An application to the department to charter a merchant acquirer limited purpose bank shall include:
   1. Any information desired by the department in order to evaluate the proposed institution which shall be made available in the form specified by the department;
   2. A certificate of the Secretary of State showing that the proposed name of the merchant acquirer limited purpose bank has been reserved pursuant to Code Section 7-1-131; and
   3. Applicable fees established by regulation of the department to defray the expense of the investigation required by Code Section 7-9-7.
2. An application to the department to own or control a merchant acquirer limited purpose bank shall include:
   1. Any information desired by the department in order to evaluate the proposed transaction which shall be made available in the form specified by the department; and
   2. Applicable fees established by regulation of the department to defray the expense of the investigation.

(Code 1981, §7-9-6, enacted by Ga. L. 2012, p. 43, § 1/HB 898.)