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2025 Code of Georgia
Title 7 - Banking and Finance (Chs. 1 — 11)
Chapter 11 - Payment Stablecoin (§§ 7-11-1 — 7-11-34)
Annotations
Notes
Delayed effective date.Ga. L. 2026, p. 320, § 4/HB 1272, not codified by the General Assembly, provides: “Subject to appropriations by the General Assembly, this Act shall become effective upon the earlier of:
“(1) January 18, 2027; or
“(2) 120 days after the issuance of final implementing regulations for the GENIUS Act.” Funds were not appropriated at the 2026 regular session of the General Assembly.
Research References & Practice Aids
Hierarchy Notes:O. C. G. A. Title 7
Universal Citation:
O.C.G.A. Title 7, Ch. 11
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- § 7-11-1. (For effective date, see note.) Short title
- § 7-11-2. (For effective date, see note.) Purpose and intent
- § 7-11-3. (For effective date, see note.) Definitions
- § 7-11-4. (For effective date, see note.) Rules and regulations; powers, authority, and duties of department
- § 7-11-5. (For effective date, see note.) Information sharing
- § 7-11-6. (For effective date, see note.) Prohibition on issuances of payment stablecoin by unlicensed persons
- § 7-11-7. (For effective date, see note.) In-state presence requirement
- § 7-11-8. (For effective date, see note.) Participation in Nationwide Multistate Licensing System and Registry
- § 7-11-9. (For effective date, see note.) License applications; filing requirements; duties of department
- § 7-11-10. (For effective date, see note.) Evaluation of applications and renewals; background checks
- § 7-11-11. (For effective date, see note.) Decisions on applications
- § 7-11-12. (For effective date, see note.) Application denials; review
- § 7-11-13. (For effective date, see note.) Reporting requirements
- § 7-11-14. (For effective date, see note.) Issuances of payment stablecoin and money transmissions by permitted payment stablecoin issuers
- § 7-11-15. (For effective date, see note.) License renewals; fees
- § 7-11-16. (For effective date, see note.) Certification of anti-money laundering and economic sanctions compliance programs; penalties
- § 7-11-17. (For effective date, see note.) Reserves requirement; publication and certification; penalties; restrictions
- § 7-11-18. (For effective date, see note.) Failure to maintain required reserves; penalties
- § 7-11-19. (For effective date, see note.) Minimum requirements and standards
- § 7-11-20. (For effective date, see note.) Trust, preservation, and accounting requirements for reserves; restrictions on attachment, execution, and sequestration of reserves
- § 7-11-21. (For effective date, see note.) Redemption policy
- § 7-11-22. (For effective date, see note.) Treatment as a financial institution under federal laws
- § 7-11-23. (For effective date, see note.) Authorized activities
- § 7-11-24. (For effective date, see note.) Prohibitions relating to conditioning the provision of services
- § 7-11-25. (For effective date, see note.) Prohibitions relating to name selection and marketing
- § 7-11-26. (For effective date, see note.) Annual financial statements
- § 7-11-27. (For effective date, see note.) Prohibitions relating to certain interest and yield payments
- § 7-11-28. (For effective date, see note.) Annual reporting requirement
- § 7-11-29. (For effective date, see note.) Examination and investigation by department; powers and authority; duties of licensed payment stablecoin issuers; use of third-party experts; liability
- § 7-11-30. (For effective date, see note.) Approval requirement for acquisition, change in control, or designation as an executive officer
- § 7-11-31. (For effective date, see note.) Suspension or revocation of license; procedures; review
- § 7-11-32. (For effective date, see note.) Cease and desist orders; procedures; review
- § 7-11-33. (For effective date, see note.) Failure to comply with decision or order; penalties hearing; review
- § 7-11-34. (For effective date, see note.) Department’s authority to remove directors, officers, and other individuals associated with license payment stablecoin issuers
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