Georgia Adopts New Mortgage Lender Rules

The Georgia Department of Banking and Finance (DBF) published final rules for mortgage brokers, mortgage lenders, and mortgage loan originators that, among other things, align restrictions on employing or licensing individuals with felony convictions with recent legislation relaxing the felony ban (previously discussed here). 

DBF also adopted rules implementing recent legislation that requires mortgage lenders and brokers to maintain certain capital, net worth, and liquidity requirements.  Licensees who fail to maintain the required net worth, capital, or liquidity will be subject to a $1,000 daily fine.

The rules became effective on July 7, 2025.