Georgia Commercial Lending Compliance
Commercial Financing Disclosure Law
Quick Summary
Georgia's disclosure law took effect in 2021 for commercial financing under $500K with moderate penalties for non-compliance.
At a Glance
Disclosure Law
Yes
Commercial Financing Disclosure Law
Effective Date
July 1, 2021
Loan Threshold
Under $500,000
Applies to loans below this amount
Maximum Penalty
$5,000 per violation
Per violation, no cap
Key Requirements
What You Must Disclose:
Written disclosure required
APR and total cost
Payment schedule
Collateral requirements
Before contract execution
Common Mistakes Brokers Make
Using out-of-state forms
Timing violations
Incomplete disclosures
How SalesLeadAgent Helps
- Email templates with Georgia-compliant language pre-loaded
- Automatic state detection from lead data
- Disclosure reminders at key stages of your sales funnel
- Track which disclosures were sent to which leads
Who Is Exempt?
The following entities and transactions are typically exempt from Commercial Financing Disclosure Law:
- Banks and credit unions
- Loans over $500,000
- Real estate purchase money loans
Note: Even if you're exempt from state disclosure laws, federal regulations may still apply. Consult with legal counsel to understand all applicable requirements.
Penalties & Enforcement
Financial Penalties
First Violation
$2,500
Subsequent Violations
$5,000 per violation
There is typically no cap on total penalties. Multiple violations can result in hundreds of thousands of dollars in fines.
Enforcement
Enforced By
Georgia Department of Banking and Finance
Additional Consequences:
- •Private right of action (customers can sue)
- •Public disclosure of violations
- •Reputational damage with lenders and clients
- •Potential loss of licensing or operating privileges
Ready to Streamline Georgia Compliance?
SalesLeadAgent automatically handles compliance requirements for Georgia and all other states, so you can focus on closing deals instead of worrying about regulations.
Important Legal Disclaimer
This page provides general information about Georgia commercial lending regulations and is not legal advice. Laws change frequently and interpretation varies by circumstance. Users should consult with qualified legal counsel before relying on this information for compliance purposes.
SalesLeadAgent and its affiliates disclaim all liability for actions taken or not taken based on information provided here. While we strive to keep this information current, we make no warranties about the completeness, reliability, or accuracy of this information.
Last updated: January 12, 2026
Sources: Georgia state statutes, Georgia Department of Banking and Finance