KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB1314 • 2025

Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency

Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Lim, Marvin
Last action
2026-02-26
Official status
House Committee Favorably Reported
Effective date
Not listed

Plain English Breakdown

The official text excerpt is a PDF file header with no readable legislative content; all facts are derived solely from the Bill Summary and Metadata.

HB1314: Requiring Licensees to Disclose Credit Reporting

This bill requires licensees in Georgia to tell customers if a transaction will be reported to a credit reporting agency.

What This Bill Does

  • Requires licensees to disclose whether a specific transaction is reportable to a credit reporting agency.

Limits and Unknowns

  • The official text excerpt provided does not specify the exact penalties for failing to make this disclosure.
  • The specific effective date is listed as blank in the metadata, so it is unknown when the law will begin enforcement.

Bill History

  1. 2026-02-26 Georgia General Assembly

    House Committee Favorably Reported

Official Summary Text

Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency