Georgia § 7-1-701 - 1. Exemption from licensing requirements.
Full text of Georgia Official Code of Georgia Annotated § 7-1-701 — 1. Exemption from licensing requirements., with citation guidance and answers to common questions.
§ 7-1-701. 1. Exemption from licensing requirements.
The requirement for licensure set forth in this article shall not apply to: Any state or federally chartered bank, trust company, credit union, savings and loan association, or savings bank with deposits that are federally insured; The United States Postal Service; A state or federal governmental department, agency, authority, or instrumentality and its agents; Any foreign bank that establishes a federal branch pursuant to the International Bank Act, 12 U.S.C. Section 3102; Any person who accepts a payment instrument from a person in exchange for monetary value but does not charge a fee; or An individual employed by a licensee or any person exempted from the licensing requirements of this article when acting within the scope of employment and under the supervision of the licensee or exempted person as an employee and not as an independent contractor. (Code 1981, § 7-1-701.1 , enacted by Ga. L. 2014, p. 251, § 2/HB 982.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-701
What does Official Code of Georgia Annotated § 7-1-701 cover?
Section 7-1-701 ("1. Exemption from licensing requirements.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 7-1-701?
A common citation format is "Official Code of Georgia Annotated § 7-1-701" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 7-1-701 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.