An ATM machine, which by definition in O.C.G.A. 7-1-603 takes deposits, and a night depository may be established anywhere in this state. Establishment of an ATM machine in this state does not constitute doing a banking business here.

Pursuant to 15 USC 6801 et seq., 12 CFR Part 364, and 12 CFR Part 208, banks are required to develop and implement a response program that will be utilized in the event unauthorized access to customer information has taken place. Customer information is any record containing nonpublic information about a customer, whether in paper, electronic, or other form maintained by or on behalf of a bank. Federal law and regulations require disclosure to federal regulators of unauthorized access of customer information in certain circumstances.

Pursuant to 12 C.F.R. Part 304 and 12 CFR Part 225 banks and bank holding companies are required to notify the appropriate federal regulator no later than 36 hours after the financial institution determinates that a computer security incident, which rises to the level of a notification incident, has occurred. A computer security incident is an occurrence that results in actual harm to the confidentiality, integrity, or availability of an information system or the information that the system processes, stores, or transmits.

(1) The definition and commentary contained in Federal Reserve Regulation ‘O’ shall be applied to effect the intent of Code Section 7-1-491. (2) The Department may use its discretion in applying the non-preferential loan prohibition, and in particular may find a violation where it discovers that a bank is attempting to circumvent a prohibition where it would otherwise apply.

(1) A bank which does not issue its own credit card but acts as an agent for a correspondent bank may guarantee obligations of established customers in the form of revolving lender credit card accounts at another bank provided the guaranteeing bank establishes a maximum limit for each such account, is not obligated for any amount in excess of such limit, and maintains records updated at least monthly reflecting the current outstanding balance on each account, the approved limit on each account, and the current past due or payment status on each account.

This section of the Rules and Regulations of the State of Georgia provides definitions for terms used in Chapters 80-12-1 to 80-12-12, which pertain to Merchant Acquirer Limited Purpose Banks (MALPBs). The definitions in this section apply to entities and individuals involved in merchant acquiring activities within the state of Georgia. The definitions cover various terms such as ‘Act’, ‘Affiliate’, ‘Annual Attestation Report’, ‘Capital Letter of Credit’, ‘Chargeback’, ‘Executive Officer’, ‘Financial Crime’, ‘Leverage Capital Ratio’, ‘MALPB’, ‘Payment Card’, and many others.

This legal document outlines the compliance requirements for Merchant Acquirer Limited Purpose Banks (MALPBs). MALPBs are required to comply with the Unlawful Internet Gambling Enforcement Act of 2006 and its related rules and regulations. Additionally, they must adhere to all international, federal, and state laws, rules, and regulations applicable to them. For certain laws, MALPBs are considered ‘financial institutions’ and must comply with information security requirements, customer identification standards, suspicious transaction reporting, and anti-money laundering requirements.

This legal document, part of the Rules and Regulations of the State of Georgia, pertains to Merchant Acquirer Limited Purpose Banks (MALPB) and their obligations regarding data breach insurance coverage. MALPBs are required to obtain insurance coverage that protects against the release of nonpublic confidential information under their care, custody, or control to an unauthorized environment or similar actions. The coverage must not be canceled, not renewed, or allowed to lapse without at least 60 days prior written notice to the Department of Banking and Finance.

(1) These rules and regulations are promulgated pursuant to the Official Code of Georgia, Title 16, Chapter 12, Article 2, Part 2. (2) Any licensee, member, agent, representative or employee of a non-profit corporation licensed hereunder, who while the organization holds the license, shall violate any provision of the Act or rules and regulations issued pursuant thereto, or direct, consent to or acquiesce in any violation of the same shall forfeit the applicable license, or licenses through suspension or revocation, whichever the Director determines.

Any bingo session at which cash prizes are awarded shall be conducted only by nonprofit tax exempt organizations which are properly licensed by the Director. Nonprofit tax exempt organizations who operate recreational bingo games at no charge to participants in which the participants are senior citizens attending a function at a facility of the tax exempt licensed organization or are residents of nursing homes, retirement homes, or hospitals and in which the prizes for each bingo game during the bingo session shall be nominal cash prizes not to exceed $5.