ATLANTA – Georgia has joined the ranks of the states that have enacted laws to protect consumers from abusive mortgage lending. The “Georgia Fair Lending Act” that was signed into law by Gov. Roy Barnes on April 22, is now in effect. Among the provisions of the law, it prohibits abusive home loan practices, including `flipping’ of a home loan; creates specific consumer protections for covered home loans and high-cost home loans; and provides penalties for non-compliance with the law. H.B. 1361 was sponsored by state Reps. Charlie Smith Jr. (D-175th), Henrietta Turnquest (D-73rd) and Winfred Dukes (D-161st).

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.